Communiqués de presse


novembre 13, 2009

Toronto, Ontario (November 13, 2009) – First Capital Realty Inc. (TSX:FCR) (the “Companyâ€),Canada’s leading owner, developer and operator of supermarket and drugstore-anchoredneighbourhood and community shopping centres, located predominantly in growingmetropolitan areas, announced today that as a result of strong investor demand for its publicoffering of Series G senior unsecured debentures which was announced earlier today, the sizeof the offering has been increased by C$25 million, to C$125 million. These debentures will bearinterest at the rate of 5.95% and will mature on June 1, 2015. The offering is being underwrittenby a syndicate co-led by Scotia Capital Inc. and TD Securities Inc. The offering is expected toclose on or about November 20, 2009. It is a condition of closing to the offering that thedebentures be rated BBB with a stable trend by DBRS and Baa3 (stable) by Moody’s InvestorService.

The offering is being made under the Company’s base shelf prospectus dated July 28, 2009and the debentures will be issued pursuant to the Company’s trust indenture dated June 21,2005, as supplemented. These debentures will rank pari passu with the Company’s outstandingsenior unsecured debentures.

The net proceeds of the offering will be initially applied by the Company to pay down amountsowing on certain of its revolving credit facilities.

The securities offered have not been registered under the U.S. Securities Act of 1933, asamended, and may not be offered or sold in the United States absent registration or anapplicable exemption from the registration requirements. This press release shall not constitutean offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities inany jurisdiction in which such offer, solicitation or sale would be unlawful.


First Capital Realty is Canada’s leading owner, developer and operator of supermarket anddrugstore-anchored neighbourhood and community shopping centres, located predominantly ingrowing metropolitan areas. The Company currently owns interests in 176 properties, includingfour under development, totalling approximately 20.8 million square feet of gross leasable areaand six land sites in the planning stage for future retail development.

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This press release contains forward-looking statements and information within the meaning of applicablesecurities legislation. Forward-looking statements can generally be identified by the expressions“expectsâ€, “believesâ€, “estimatesâ€, “will†and similar expressions. The forward-looking statements are nothistorical facts but reflect the Company’s current expectations regarding future results or events and arebased on information currently available to Management. Certain material factors and assumptions wereapplied in providing these forward-looking statements. All forward-looking statements in this press releaseare qualified by these cautionary statements.

Management believes that the expectations reflected in forward-looking statements are based uponreasonable assumptions; however, Management can give no assurance that the actual results will beconsistent with these forward-looking statements. These forward-looking statements are subject to anumber of risks and uncertainties that could cause actual results or events to differ materially from currentexpectations, including the matters discussed under “Risks and Uncertainties†in the Company’s MD&Afor the year ended December 31, 2008. Readers, therefore, should not place undue reliance on any suchforward-looking statements. Further, a forward-looking statement speaks only as of the date on whichsuch statement is made. First Capital Realty undertakes no obligation to publicly update any suchstatement or to reflect new information or the occurrence of future events or circumstances except asrequired by securities laws

These forward-looking statements are made as of the date of this press release.

For further information regarding First Capital Realty:
Dori J. Segal, President & C.E.O., or
Karen H. Weaver, Executive Vice President & C.F.O.
First Capital Realty Inc.
85 Hanna Ave., Suite 400
Toronto, Ontario, Canada M6K 3S3
Tel: (416) 504-4114
Fax: (416) 941-1655