Primaris REIT Announces Voting Results of the 2024 Annual General Meeting

TORONTO – Primaris Real Estate Investment Trust (“Primary” or the “Trust) (TSX: PMZ.UN) today announced that all trustee nominees listed in Primaris’ management information circular dated April 1, 2024 (the “Circular”) were elected as trustees of the Trust at the annual general meeting of shareholders held on May 2, 2024 ( the Assembly”). The voting results for each Trustee of the Trust are as follows:

	Number of units voted for	Percentage of units voted for		Number of units held back for voting	Percentage of units excluded from voting
Reject Bains	68,348,296	99.83	%	117,717	0.17	%
Anne Fitzgerald	67,198,138	98.15	%	1,267,793	1.85	%
Louis Forbes	67,534,041	98.64	%	931,890	1.36	%
Timothy Pire	67,594,041	98.73	%	871,972	1.27	%
Alex Avery	68,405,572	99.91	%	60,441	0.09	%
Deborah Weinswig	67,851,645	99.10	%	614,286	0.90	%

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In addition, Primaris is pleased to announce that a non-binding advisory resolution on the Trust’s approach to executive remuneration as set out in the circular was passed with 98.04% of the vote and the resolution to re-appoint KPMG LLP as auditor Trusts for the following year and the authorization of the trustees to determine the remuneration to be paid to the auditors was approved with 99.91% of the votes.

In addition, Primaris is pleased to announce the appointment of Mr. Pire as a member of the Board of Directors’ Investment Committee, replacing Mr. Sullivan, who did not seek re-election at the meeting. Through the appointment, each member of a board committee is now independent.

About Primaris Real Estate Investment Trust

Primaris is Canada’s only enclosed mall-focused REIT with ownership interests primarily in leading enclosed malls in growing mid-sized markets. The current portfolio totals 12.5 million square feet valued at approximately $3.8 billion at Primaris. Economies of scale are achieved through the fully internal, vertically integrated, full-service national management platform. Primaris is very well capitalized and exceptionally well positioned to capitalize on market opportunities at an exceptional time in the evolution of the Canadian retail real estate landscape.

Further information: TSX: PMZ.UN www.primarisreit.com www.sedarplus.ca