Nobel Real Estate Investment Trust announces completion of 1:5 unit consolidation and August distribution

MONTREAL, Aug. 20, 2015 /CNW Telbec/ - (TSXV: NEL.UN) Nobel Real Estate Investment Trust (the "REIT" or "Nobel REIT") announces that effective as of the opening on August 21, 2015 (the "Effective Date") the consolidated trust units of the REIT (the "Trust Units") will commence trading on the TSX Venture Exchange (the "Exchange"), on the basis of one (1) post-consolidation Trust Unit for every five (5) pre-consolidation Trust Units held (the "Consolidation"). As part of the Consolidation, the issued and outstanding Class B limited partnership units (the "Class B LP Units" and together with the Trust Units, collectively, the "Units") of the REIT's majority owned subsidiary, Nobel REIT Limited Partnership ("Nobel LP"), will also be consolidated on the basis of one (1) post-consolidation Class B LP Unit for every five (5) pre-consolidation Class B LP Units held.

Unitholder approval of the Consolidation is not required pursuant to the constating documents of either Nobel REIT or Nobel LP. The Consolidation was approved by the Trustees of Nobel REIT and the directors of Nobel REIT GP Inc., the general partner of Nobel LP, on July 31, 2015.

The total number of Trust Units and Class B LP Units (including the special voting units of the REIT attached to the Class B LP Units) currently issued and outstanding prior to the Effective Date is 52,256,667 and 360,000, respectively. Following the Effective Date, the number of Trust Units and Class B LP Units (including the special voting units of the REIT attached to the Class B LP Units) will be altered to 10,451,333 and 72,000, respectively. No fractional post-consolidation Units will be issued. Any fractional Units resulting from the Consolidation will be rounded down to the nearest whole Unit. The exercise price and number of Trust Units issuable upon the exercise of any outstanding options or warrants will be proportionally adjusted as a result of the Consolidation.

The new CUSIP and ISIN numbers for the Trust Units and Class B LP Units are as follows:

Type of Security	CUSIP	ISIN
Trust Units subject to no resale restrictions	65489Y140	CA65489Y1401
Trust Units subject to resale restrictions	65489Y157	CA65489Y1575
Class B LP Units	654890201	CA6548902015

Letters of transmittal providing for the Consolidation were delivered to all holders of Units on August 13, 2015 by the REIT's transfer agent and registrar, Computershare Investor Services Inc. ("Computershare"). All holders of Units will be required to send their respective certificates representing the pre-Consolidation Units along with a properly completed letter of transmittal to Computershare, in Toronto, Ontario, all in accordance with the instructions provided therein.  Additional copies of the letters of transmittal can be obtained through Computershare (Shareholder Services 1-800-564-6253 or by e-mail to [email protected]). All holders of Units who submit a duly completed letter of transmittal along with their respective pre-Consolidation Unit certificate(s) to Computershare, will receive either a post-Consolidation Unit certificate or Direct Registration System (DRS) Advice, as applicable.

August Distribution

Nobel REIT is also pleased to announce today a cash distribution of $0.014165 per Trust Unit, on a post-consolidation basis, for the month of August 2015. The distribution will be payable on September 15, 2015 to unitholders of record as at August 31, 2015.

About Nobel REIT

Nobel REIT is an unincorporated open-ended real estate investment trust governed by the laws of the Province of Québec. Nobel REIT has been created for the purpose of acquiring and owning income producing properties. The REIT will focus on acquiring commercial retail, mixed-used retail, and industrial and office properties in the primary and secondary markets in the Province of Québec. Nobel REIT currently owns fifteen properties located in Québec, comprising 694,535 square feet of gross leasable area.

Disclaimer – Safe Harbour Forward-Looking Statements

Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Nobel REIT to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Nobel Real Estate Investment Trust

Additional information may be obtained by contacting: Louis Lemire, CPA, CA, Chief Financial Officer, Nobel Real Estate Investment Trust, 1185, Chemin du Tremblay, Suite 230, Longueuil, QC, J4N 1R4, Tel: [phone]; Renmark Financial Communications Inc. : Barry Mire: [email protected], Tel.: [phone], www.renmarkfinancial.com