Temple REIT receives conditional approval for TSX listing

Temple Real Estate Investment Trust  (TSX Venture: TR.UN) announced that the Toronto Stock Exchange  has conditionally approved the listing of Temple REIT's: (i) trust units ("Units"); (ii) 5 Year 8.5% Series B Convertible Redeemable Debentures; (iii) 5 Year 8% Series C Convertible Redeemable Unsecured Subordinated Debentures; (iv) 5 Year 7.75% Convertible Redeemable Unsecured Subordinated Debentures; (v) and 5 Year 8.75% Senior Secured Convertible Redeemable Debentures.

Listing of the Units and debentures noted above is subject to compliance with all of the requirements of the TSX, including receipt of all required documentation by the TSX on or before September 17, 2012. Temple REIT anticipates filing final listing materials with the TSX in July, 2012. Temple REIT will issue a further news release as soon as the date for trading on the TSX has been confirmed. Once listed on the TSX, the Units and debentures will be delisted from the TSX Venture Exchange.

Temple REIT is a real estate investment trust, which is listed on the TSX Venture Exchange under the symbols TR.UN (trust units), TR.DB.B, TR.DB.C, TR.DB.D and TR.DB.S (convertible debentures). The objective of TREIT is to provide Unitholders with stable cash distributions from investment in a diversified portfolio of hotel properties and related assets. For further information on TREIT, please visit our website at www.treit.ca.

on June 29, 2012