Press Release

FIRST CAPITAL REALTY SETS DATE FOR Q2 2009 RESULTS CONFERENCE CALL


July 10, 2009

Toronto, Ontario (July 9, 2009) – First Capital Realty Inc. (“First Capital Realtyâ€) (TSX: FCR) invites you toparticipate at its live conference call with senior management announcing our second quarter results on Friday,August 14th, 2009 at 1:00p.m. EST.
Second quarter financial results will be released prior to the call and made available on First Capital Realty’swebsite in the News section. The Supplemental Package link will be on our Home Page at www.firstcapitalrealty.caor click on Investor Relations, Downloads.

Teleconference:

You may participate in the live conference toll free at 866-299-6657 or at 416-641-6135. To ensure yourparticipation, please call five minutes prior to the scheduled start of the call. The call will be archived throughAugust 21, 2009 and can be accessed by dialing toll free 800-408-3053 or 416-695-5800 with access code 5670824.

Webcast:

To access the webcast, go to First Capital Realty’s website at www.firstcapitalrealty.ca, and click on the link forthe webcast at the bottom of our Home Page. The webcast will be archived on our Home Page for 30 daysand can be accessed, thereafter, in our Conference Calls section of our website.

Slide Presentation

A slide presentation to accompany management’s comments during the conference call will be available. To viewthe slides, please go to First Capital Realty’s website at www.firstcapitalrealty.ca, and click on the link for theConference Call at the top of our Home Page.
Management’s presentation will be followed by a question and answer period. To ask a question, press ‘ * 1’ on atouch-tone phone. The conference call coordinator is immediately notified of all requests in the order in which theyare made, and will introduce each questioner. To cancel your request, press the pound key ‘#’. If you hang up, youcan reconnect by dialing 866-299-6657 or 416-641-6135. For assistance at any point during the call, press ‘*0’.

ABOUT FIRST CAPITAL REALTY (TSX:FCR)

First Capital Realty is Canada’s leading owner, developer and operator of supermarket and drugstore anchoredneighbourhood and community shopping centres, located predominantly in growing metropolitan areas. TheCompany currently owns interests in 175 properties, including four under development, totalling approximately 20.3million square feet of gross leasable area and 7 land sites in the planning stage for future retail development. Inaddition, the Company indirectly owns 14.1 million shares of Equity One (approximately 16.3%), one of the largestshopping centre REITS in the southern U.S., that trades on the New York Stock Exchange under the ticker symbolEQY. Including its investment in Equity One, the Company has interests in 364 properties totalling approximately40.8 million square feet of gross leasable area.

For further information:
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
www.firstcapitalrealty.ca