Vantage’s $15B+ investment in Port Washington represents the future of sustainable digital infrastructure with zero-emission energy resources, water-positive operations and billions in regional economic growth

DENVER–(BUSINESS WIRE)–OpenAI, Oracle and Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced plans to develop a data center campus outside Milwaukee in Port Washington, Wisconsin. The new campus is part of OpenAI and Oracle’s previously announced partnership to invest up to 4.5 gigawatts of additional Stargate capacity and is the Midwest site that was recently announced as part of OpenAI’s Stargate expansion.

The campus will feature four cutting-edge data centers providing close to a gigawatt of AI capacity. Construction will begin soon and is scheduled for completion in 2028. The project expects to create more than 4,000 skilled construction jobs, most of which will be union jobs. Once complete, Vantage and Oracle will create more than 1,000 long-term jobs and thousands more indirect jobs.

The campus, named Lighthouse, is designed to preserve local resources, support new clean energy resources and advance environmental stewardship, including:

• 100% Matched Zero-Emission Energy: Vantage is enabling the development of new zero-emission energy capacity in Wisconsin, including solar, wind and battery storage. Seventy percent of the energy capacity will be allocated to the Lighthouse campus while 30% will be made available to all Wisconsin consumers. The remaining energy consumed by the campus will be matched with renewable energy purchases annually.
• Water Positive: The campus will leverage a closed-loop liquid cooling system that uses minimal water and drives significant energy savings. To minimize its impact on water resources, Vantage is investing in local water restoration projects to achieve water positivity, restoring more water to freshwater sources than the campus consumes.
• Biodiversity Net Gain: Vantage is developing 500 of 672 total acres for the four data centers, preserving and enhancing the surrounding natural spaces. This includes planting more than 2,000 native trees and other native landscaping to achieve a net gain in biodiversity, as well as protecting and enhancing existing wetlands and creating an eight-foot planted berm with native species for natural sound mitigation.
• LEED Certification: Vantage is pursuing LEED (Leadership in Energy and Environmental Design) certification for the Lighthouse campus, underscoring the company’s global commitment to sustainable building practices.

The campus will deliver immediate and significant long-term economic benefits to Port Washington residents and surrounding communities, including:

• Job Creation: More than 4,000 majority-union skilled construction jobs will be created; once complete, Vantage and Oracle are expected to create more than 1,000 long-term jobs and thousands more indirect jobs—many of which will be women-owned, minority-owned and veteran-owned businesses.
• Gross Domestic Product Contribution: An estimated $2.7 billion will be contributed to the regional gross domestic product (GDP).
• Infrastructure Upgrades: Vantage is investing a minimum of $175 million to make critical regional infrastructure upgrades, including expanded capacity for water and wastewater treatment facilities, upgraded water mains and sewer lines, a new water tower and power infrastructure that will not only benefit the Lighthouse campus but also the needs of Port Washington.
• Investment Shields Customers from Electricity Price Increases: Vantage is underwriting 100% of the power infrastructure investment with a dedicated electricity rate from WEC Energy Group utility We Energies. This proposed rate is designed to protect other customers from any price increases from the new investments to serve Lighthouse.

This campus, combined with other Stargate campuses in collaboration with Oracle, can deliver over 4.5 gigawatts of IT capacity.

“Expanding Stargate to Wisconsin is another major step toward building the infrastructure that will help ensure everyone can benefit from AI,” said Peter Hoeschele, OpenAI’s vice president of industrial compute. “This project will create good jobs, advance zero-emission energy and boost the local economy—all while expanding capacity without raising rates for local consumers. We’re grateful to our partners at Oracle, Vantage and We Energies, as well as the many manufacturers, builders and suppliers across the region, for helping bring this ambitious vision to life.”

“We’re pleased to work with Vantage Data Centers as we continue to rapidly expand our cloud capacity to meet the growing demand for AI,” said Mahesh Thiagarajan, executive vice president, Oracle Cloud Infrastructure. “Oracle’s highly performant, secure and cost-effective AI infrastructure is fueling a new era of innovation that will fortify American leadership in AI worldwide.”

“As demand for data centers expands beyond traditional hubs, the upper Midwest has become a critical and strategic market for Vantage Data Centers and our customers,” said Dana Adams, president of North America, Vantage Data Centers. “Our investment in Wisconsin reflects the area’s strong foundation for digital growth to support sustainable AI innovation at scale. Vantage is committed to being a good neighbor and is prioritizing investing in sustainable energy, minimizing local impact and partnering closely with the community to be an economic driver for the state.”

“The benefits of welcoming data centers to Port Washington are undeniable. Vantage’s once in a generation investment will create thousands of high-paying jobs—including more than 4,000 union-led construction and operational roles—driving long-term economic ripple effects across the region,” said Mayor Ted Neitzke IV, Port Washington. “This investment will allow us to further strengthen public services and community development, enhancing the quality of life for our residents. We are proud to establish this partnership with Vantage and look forward to working closely with their team to progress this development while improving our city.”

“We are profoundly grateful for Vantage’s transformative investment in Port Washington and the Milwaukee Region,” said Rebecca Gries, executive director of the Milwaukee 7, the regional economic development organization. “This commitment represents far more than a single project—it’s a catalyst for regional transformation. By strengthening our position as a premier destination for innovation, talent and growth, Vantage’s investment will create ripples of opportunity that extend well beyond the campus itself. From small businesses and manufacturers to housing and community development across all seven counties, this momentum will help shape the future of southeastern Wisconsin’s economy for generations to come.”

“By working with Vantage, we’re delivering new clean energy for the Lighthouse campus and generating lasting benefits for Wisconsin,” said Scott Lauber, president and CEO, WEC Energy Group. “Together with Vantage, we are adding nearly two gigawatts of new energy to the grid, 30% of which will be dedicated to the homes, farms and other businesses we serve today. This unique and thoughtful strategy will deliver growth without raising rates for our other customers, aligning with our shared commitment to reliability, sustainability and a positive community impact.”

Together with Frontier, a Texas campus in Shackelford County, Vantage is investing more than $40 billion in critical digital infrastructure, underscoring the company’s accelerating momentum to deliver high-density, next-generation digital infrastructure at unprecedented scale and speed for today’s most advanced global tech leaders. Vantage’s largest investors in its North America platform are DigitalBridge Group, Inc. (NYSE: DBRG), the leading global alternative asset manager dedicated to investing in digital infrastructure, and Silver Lake, the global leader in technology investing.

For more information about Vantage’s rapidly growing North America portfolio, please visit: https://vantage-dc.com/data-center-locations/north-america/.

About Vantage Data Centers

Vantage Data Centers is a global leader in digital infrastructure serving the world’s most influential AI and cloud providers. With operations spanning North America, EMEA and Asia Pacific, Vantage delivers capacity at unrivaled speed and scale, driven by a relentless commitment to operational excellence and customer success. Vantage is empowering transformative companies to shape the future.

For more information, visit http://www.vantage-dc.com.

Trademarks

Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

Contacts

Press Contacts
Mark Freeman

Vantage Data Centers

mfreeman@vantage-dc.com
+1-202-680-4243

Robin Bectel

REQ for Vantage Data Centers

vdc@req.co
+1-202-936-6335

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U and TSX: DRR.UN) (“Dream Residential REIT” or the “REIT”) today announced its October 2025 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The October distribution will be payable on November 14, 2025 to unitholders of record as at October 31, 2025.

About Dream Residential REIT

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns a portfolio of garden-style multi-residential properties, primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Contacts

For further information, please contact:

Dream Residential REIT

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its October 2025 monthly distribution of 8.333 cents ($1.00 annualized) per REIT Unit, Series A (“REIT A Units”). The October distribution will be payable on November 14, 2025 to unitholders of record as at October 31, 2025.

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 4.0 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (“Dream Industrial”) will be releasing its financial results for the quarter ended September 30, 2025, on Tuesday, November 4, 2025.

Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast.

Conference Call:
Date:		Wednesday, November 5, 2025 at 11:00 a.m. (ET)
Audio:		1-800-715-9871 (toll free)
		647-932-3411 (toll)
Webcast:		A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the Calendar of Events on the News and Events page on Dream Industrial REIT’s website at www.dreamindustrialreit.ca and click the link for the webcast.
Digital Replay:		A taped replay of the call will be available for ninety (90) days. For access details, please click on the Calendar of Events on Dream Industrial’s website.

About Dream Industrial

Dream Industrial REIT is an owner, manager and operator of a global portfolio of well-located, diversified industrial properties. As at June 30, 2025, the Trust has an interest in and manages a portfolio which comprises 338 industrial assets (550 buildings) totalling approximately 72.9 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. The Trust’s objective is to deliver strong total returns to its unitholders through secure distributions as well as growth in net asset value and cash flow per unit underpinned by its high-quality portfolio and an investment grade balance sheet. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. For more information, please visit our website at www.dreamindustrialreit.ca.

Contacts

For further information, please contact:

Alexander Sannikov
President and Chief Executive Officer

(416) 365-4106

asannikov@dream.ca

Lenis Quan
Chief Financial Officer

(416) 365-2353

lquan@dream.ca

NEW YORK–(BUSINESS WIRE)–Hadron Energy, Inc. (“Hadron”), a cutting-edge innovator in micro modular reactor (“MMR”) technology, today announced that an internationally recognized leader in computational reactor physics, Professor Benoit Forget, is acting as an advisor to Hadron. Professor Forget is the Department Head of Nuclear Science and Engineering at MIT and in this role is acting independently from the University. His work spans Monte Carlo and deterministic transport, multiphysics coupling, and uncertainty quantification—capabilities essential to advancing next-generation reactor design and analysis.

As founder of MIT’s Computational Reactor Physics Group (CRPG), his group led the initial developments of OpenMC, an open-source Monte Carlo neutron transport code for large-scale, high-fidelity simulations, and OpenMOC, a 3D method-of-characteristics code optimized for parallel performance. These tools are widely used across academia, government, and industry. CRPG’s advances in multiphysics coupling and uncertainty quantification enable high-accuracy steady-state and transient analyses that inform safety, licensing, and core optimization.

“Professor Forget represents the pinnacle of modern reactor physics and computational innovation,” said Samuel Gibson, Founder and CEO of Hadron Energy, Inc. “His pioneering work at MIT has fundamentally advanced how the world simulates, analyzes, and designs nuclear systems. Having Benoit join Hadron as an advisor marks a major step forward in our mission to deliver compact, high-performance microreactors built on the strongest scientific foundations. We are honored to collaborate with one of the field’s leading minds as we accelerate toward commercial deployment.”

Professor Forget’s contributions have been recognized by the American Nuclear Society with the Landis Young Member Engineering Achievement Award, and his recent selection as fellow in 2024.

Hadron recently entered into a $1.2Bn definitive business combination agreement with GigCapital7 (Nasdaq: GIG) to accelerate microreactor development and will become the first publicly traded lightwater microreactor company in the world. Professor Forget’s expertise aligns with Hadron’s mission to deploy factory-manufactured microreactors and is a timely addition to Hadron. Welcome to the team, Benoit.

About Hadron Energy, Inc.

Hadron is a pioneer in MMR technology. Designed to deliver 10 MW of power, Hadron’s MMR will be smaller, more cost-effective, and faster to deploy than other proposed MMR power solutions. The revolutionary design of Hadron’s MMR allows its reactor core and containment shell to be transportable in a shipping container, providing a versatile deployment model for end users. Whether powering an artificial intelligence data center, remote community, or an industrial hub, Hadron’s MMR is expected to provide a reliable, safe and scalable nuclear energy solution. For more information, please visit https://www.hadronenergy.com/.

About GigCapital7 Corp.

GigCapital7 Corp. is a Private-to-Public Equity (PPE)™ company, also known as a special purpose acquisition company (SPAC), with a Mentor-Investor™ methodology and a mission to partner with a high technology differentiating company to forge a successful path to the public markets through a business combination. GigCapital7 Corp. aims to partner with an innovative company with exceptional leaders in order to create an industry-leading partnership that will be successful for years to come.

Private-to-Public Equity (PPE)™ and “Mentor-Investor™ are trademarks of GigManagement, LLC, a member entity of GigCapital Global and affiliate of GigCapital7 Corp., used pursuant to agreement.

Forward-Looking Statements

This press release includes certain statements that may be considered forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include, without limitation, statements about future events or Hadron’s or GigCapital7’s future financial or operating performance. For example, statements regarding Hadron’s anticipated growth and other metrics; the anticipated future demand of energy; the future demand and commercialization of the Hadron MMR; potential relationships or engagements; the outcome of Hadron’s regulatory submissions; and statements regarding the benefits of the business combination between the parties and the anticipated timing of the completion of the business combination are all forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “potential” or “continue,” or the negatives of these terms or variations thereof or similar terminology.

These forward-looking statements regarding future events and the future results of Hadron and GigCapital7 are based upon estimates and assumptions that, while considered reasonable by Hadron, GigCapital7, and their respective management teams, are inherently uncertain and subject to risks, variability and contingencies, many of which are beyond Hadron’s or GigCapital7’s control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the occurrence of any event, change or other circumstances that could give rise to the termination of the business combination agreement or other definitive agreements in connection thereto; the outcome of any legal proceedings that may be instituted against Hadron, GigCapital7 or others following the announcement of the business combination and any definitive agreements with respect thereto; the inability to complete the business combination due to the failure to obtain consents and approvals of the shareholders of GigCapital7; failure to obtain financing to complete the business combination or to satisfy other conditions to closing; delays or failures to obtain necessary regulatory approvals required to complete the business combination or related transactions; changes to the proposed structure of the business combination as a result of applicable laws, regulations or conditions; projections, estimates and forecasts of revenue and other financial and performance metrics; projections about industry trends and market opportunity; expectations relating to the demand for Hadron’s MMR; Hadron’s ability to scale and grow its business; the cash position of Hadron following closing of the business combination; the ability to meet listing standards in connection with, and following, the consummation of the business combination the risk that the business combination disrupts current plans and operations of Hadron as a result of the announcement and consummation of the business combination; the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of Hadron to successfully commercialize its MMR, and Hadron’s ability to source and maintain key relationships with management and key employees; costs related to the business combination; changes in applicable laws and regulations; political and economic developments and market volatility; the risk that Hadron does not ever enter into any definitive agreements in connection with commercialization of its technology; the risk that Hadron is pursuing an emerging market; and other risks and uncertainties set forth under “Risk Factors” and other documents filed, or to be filed, with the SEC by GigCapital7 and/or Hadron, including the Registration Statement that Hadron and GigCapital7 intend to file in connection with the business combination.

If any of these risks materialize or Hadron’s assumptions prove incorrect, actual results could differ materially from the results implied by the forward-looking statements. There may be additional risks that Hadron or GigCapital7 do not presently know or currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of Hadron or GigCapital7 reflect the expectations, plans or forecasts of future events and views of Hadron and GigCapital7 and speak only as of the date they are made. Neither Hadron nor GigCapital7 undertake any obligation to update any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. These forward-looking statements should not be relied upon as representing Hadron’s or GigCapital7’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Additional Information About the Transaction and Where to Find It

The proposed transaction will be submitted to GigCapital7’s shareholders for their consideration and approval. GigCapital7and Hadron intend to file the Registration Statement with the SEC, which will include preliminary and definitive proxy statements to be distributed to GigCapital7’s shareholders in connection with GigCapital7’s solicitation of proxies for the shareholder vote in connection with the proposed business combination, the prospectus relating to the offer of securities to be issued in connection with the business combination, and other matters to be described in the Registration Statement. After the Registration Statement has been filed and declared effective by the SEC, GigCapital7will mail a definitive proxy statement/prospectus/consent solicitation statement and other relevant documents (the “GigCapital7Shareholder Materials”) to its shareholders as of the record date established for voting on the proposed business combination. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, GIGCAPITAL7’S SHAREHOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH GIGCAPITAL7’S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE BUSINESS COMBINATION AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT GIGCAPITAL7, HADRON AND THE PROPOSED BUSINESS COMBINATION. Shareholders and other interested parties may obtain a copy of these documents, without charge, at the SEC’s website located at www.sec.gov or by directing a written request to GigCapital7 Corp., Attn: Corporate Secretary, 1731 Embarcadero Rd., Suite 200, Palo Alto, CA.

NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE BUSINESS COMBINATION OR ANY INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

Participants in the Solicitation

Hadron, GigCapital7 and their respective directors, executive officers, management and employees, under SEC rules, may be deemed to be participants in a solicitation of proxies of GIG’s shareholders in connection with the business combination. Investors and shareholders may obtain more detailed information regarding the names, affiliations, and interests of GigCapital7’s directors and executive officers in its filings with the SEC, including GigCapital7’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on March 6, 2025, as amended by Amendment No. 1 on Form 10-K/A filed with the SEC on April 16, 2025. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of GIG shareholders in connection with the business combination will be set forth in the Registration Statement, along with information concerning the interests of Hadron’s and GigCapital7’s participants in the solicitation. Such interests may in some cases be different from those of Hadron’s or GigCapital7’s equity holders generally.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This communication is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of the securities described herein in the United States or any other jurisdiction. No offer of securities shall be made except by means of a prospectus filed with the SEC meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or exemptions therefrom.

Contacts

Hadron Energy Investor Center:
https://www.hadronenergy.com/investor-relations

Hadron Energy Media & Investor Contact:
Mark Kress

Chief Financial Officer

mkress@hadronenergy.com

GigCapital7 Investor Contact:
Christine M. Marshall

Chief Financial Officer

christine@gigcapitalglobal.com

Not for Distribution in the United States or Over United States Wire Services

TORONTO–(BUSINESS WIRE)–$SRU.UN #CapitalMarkets–SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that it has priced an offering of $250 million aggregate principal amount of 3.599% Series AC senior unsecured debentures and $250 million aggregate principal amount of 4.318% Series AD senior unsecured debentures on an agency basis. The Series AC debentures will mature on June 12, 2029 and the Series AD debentures will mature on June 12, 2032. The debentures are being offered by a syndicate of agents with Scotiabank, CIBC Capital Markets, Desjardins Securities, RBC Capital Markets and TD Securities as joint bookrunners, and National Bank Financial, Mizuho Securities, BMO Capital Markets and Beacon as co-managers. The two offerings are expected to close on or about November 12, 2025. Morningstar DBRS has provided SmartCentres with a provisional credit rating of BBB with a stable trend relating to the debentures.

SmartCentres intends to use the net proceeds of the offering to refinance existing debt, including the repayment of its $350 million Series X senior unsecured debentures due December 16, 2025, the repayment of its revolving credit line and certain mortgages and for general corporate purposes.

This offering is being made by way of a private placement to certain accredited investors in each of the provinces and territories of Canada.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities in any jurisdiction. The debentures being offered have not been and will not be registered under the U.S. Securities Act of 1933 and state securities laws. Accordingly, the debentures may not be offered or sold to U.S. persons except pursuant to applicable exemptions from registration requirements.

About SmartCentres

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 197 strategically located properties in communities across the country. SmartCentres has approximately $12.0 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.6 million square feet of leasable space with 98.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.

For more information, please visit www.smartcentres.com.

Certain statements in this Press Release are “forward-looking statements” that reflect management’s expectations regarding the Trust’s future growth, results of operations, performance and business prospects and opportunities. More specifically, certain statements including, but not limited to, statements related to the anticipated use of proceeds of the offering and the date the offering is expected to close, and statements that contain words such as “could”, “should”, “can”, “anticipate”, “expect”, “believe”, “will”, “may” and similar expressions and statements relating to matters that are not historical facts, constitute “forward-looking statements”. These forward-looking statements are presented for the purpose of assisting the Trust’s Unitholders and financial analysts in understanding the Trust’s operating environment and may not be appropriate for other purposes. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management.

However, such forward-looking statements involve significant risks and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including risks associated with potential acquisitions not being completed or not being completed on the contemplated terms, public health crises, real property ownership and development, debt and equity financing for development, interest and financing costs, construction and development risks, and the ability to obtain commercial and municipal consents for development. These risks and others are more fully discussed under the heading “Risks and Uncertainties” and elsewhere in SmartCentres’ most recent Management’s Discussion and Analysis, as well as under the heading “Risk Factors” in SmartCentres’ most recent annual information form. Although the forward-looking statements contained in this Press Release are based on what management believes to be reasonable assumptions, SmartCentres cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. These forward-looking statements are made as at the date of this Press Release and SmartCentres assumes no obligation to update or revise them to reflect new events or circumstances unless otherwise required by applicable securities legislation.

Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking information may include, but are not limited to: a stable retail environment; a continuing trend toward land use intensification, including residential development in urban markets and continued growth along transportation nodes; access to equity and debt capital markets to fund, at acceptable costs, future capital requirements and to enable our refinancing of debts as they mature; that requisite consents for development will be obtained in the ordinary course, construction and permitting costs consistent with the past year and recent inflation trends.

Contacts

Mitchell Goldhar

Executive Chairman and CEO

(905) 326-6400 ext. 7674

mgoldhar@smartcentres.com

Peter Slan

Chief Financial Officer

(905) 326-6400 ext. 7571

pslan@smartcentres.com