Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws, which reflect ERES’s and CAPREIT’s current expectations and projections about future results. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “expect”, “intent”, “estimate”, “anticipate”, “believe”, “consider”, “should”, “plans”, “predict”, “potential”, “could”, “likely”, “approximately”, “scheduled”, “forecast” or “continue”, or similar expressions suggesting future outcomes or events. The forward-looking information in this news release relates only to events or information as of the date on which the statements are made in this news release. The forward-looking information in this news release includes, without limitation, statements with respect to the Transaction, including statements with respect to the rationale of the Special Committee and the Board for entering into the Arrangement Agreement, the terms and conditions of the Arrangement Agreement, the expected benefits of the Transaction, the anticipated timing and the various steps to be completed in connection with the Transaction, including receipt of required unitholder and court approval, the anticipated timing for closing of the Transaction, the anticipated timing for the Meeting, the anticipated delisting of the ERES Units from the TSX and ERES’s status as a reporting issuer under applicable securities laws. Such forward-looking information is based on a number of assumptions that may prove to be incorrect, including with regards to receipt of required approvals and the satisfaction of other conditions to the completion of the Transaction, and that the Arrangement Agreement will not be amended or terminated. There can be no assurance that the proposed Transaction will be completed, or that it will be completed on the terms and conditions contemplated in the Arrangement Agreement.