MI Developments Inc. notice of conference call for second quarter 2008 results

    AURORA, ON, July 28 /CNW/ - MI Developments Inc. ("MID") (TSX: MIM.A,
MIM.B; NYSE:   MIM) will announce its financial results for the second quarter
ended June 30, 2008 on Friday, August 8, 2008 before the opening of the
    A conference call to discuss those results will be held on Friday, August
8, 2008 at 10:30 a.m. EST. The number to use for this call is 1-800-814-3911.
Please call 10 minutes prior to the start of the conference call. The dial-in
number for overseas callers is 416-915-5763. MID will also webcast the
conference call at www.midevelopments.com. The conference call will be chaired
by John D. Simonetti, Chief Executive Officer.
    For anyone unable to listen to the scheduled call, the rebroadcast
numbers will be: North America - 1-877-289-8525 and Overseas - 416-640-1917
(reservation number is 21278696, followed by the number sign) and the
rebroadcast will be available until Friday, August 15, 2008.

    MID is a real estate operating company focusing primarily on the
ownership, leasing, management, acquisition and development of a predominantly
industrial rental portfolio for Magna International Inc. and its subsidiaries
in North America and Europe. MID also acquires land that it intends to develop
for mixed-use and residential projects. MID holds a controlling interest in
Magna Entertainment Corp., North America's number one owner and operator of
horse racetracks, based on revenue, and one of the world's leading suppliers,
via simulcasting, of live horse racing content to the growing intertrack,
off-track and account wagering markets.

For further information:

For further information: For teleconferencing questions, please call
Andrea Sanelli at (905) 726-7504

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