Revenue Properties Company Limited Announces Fourth Quarter Dividend

    TORONTO, Nov. 9 /CNW/ - Revenue Properties Company Limited (TSX: RPC)
announced that it has declared a quarterly dividend of $0.05 per common share.
The dividend will be payable on December 28, 2007 to shareholders of record at
the close of business on December 14, 2007.

    Revenue Properties Company Limited is a real estate company whose primary
focus is the acquisition, ownership and development of income producing
properties in Canada and the United States. The Company's diversified
portfolio includes approximately 4.5 million square feet of retail and office
space as well as 3,414 residential apartment suites.

For further information:

For further information: Revenue Properties Company Limited: K. (Rai)
Sahi, Chief Executive Officer, (905) 281-3800; Paul Miatello, Chief Financial
Officer, (905) 281-3800

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