Maplewood International Real Estate Investment Trust Announces Amended Distribution Policy

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Maplewood International Real Estate Investment Trust (the "REIT") (TSX
VENTURE:MWI.UN), announced today that it has amended its distribution policy
whereby the REIT now initially intends to make monthly cash distributions of
$0.02267 per unit to unitholders, representing an annualized distribution yield
of approximately 8.5% based on the price of $3.20 per unit issued pursuant to
the REIT's brokered private placement completed on September 10, 2013.


The first distribution will be for the period from completion of the REIT's
qualifying transaction on September 16, 2013 to October 31, 2013, and will be
paid on November 15, 2013, and is expected to be in the amount of $0.034005 per
unit. The REIT intends to make subsequent monthly distributions, in the amount
of $0.02267 per unit, commencing in December, 2013, subject to the discretion of
the Board of Trustees.


Further information on the REIT's distribution policy can be found in the
Management Information Circular dated August 8, 2013 filed by Holland Global
Capital Corporation, the REIT's predecessor company, and available on the REIT's
profile on SEDAR (www.sedar.com).


Distribution Reinvestment Plan

As previously announced on September 16, 2013, the REIT has also implemented a
distribution reinvestment plan ("DRIP") effective as of September 9, 2013, which
allows unitholders of the REIT the opportunity to acquire additional Units at a
3% discount to the weighted average closing price of the Units, for the 5
trading days immediately preceding the date of distribution declared by the REIT
in respect of Units. The TSXV has approved the issuance of a total of 284,375
Units pursuant to the DRIP. The REIT will determine for each distribution
payment date the amount of new equity, if any, that will be made available under
the DRIP on that date. No assurances can be made that new Units will be made
available under the DRIP on a regular basis, or at all. The DRIP provides an
efficient and cost-effective way for existing unitholders to acquire additional
units in the REIT.


About Maplewood International REIT

The REIT is an unincorporated, open-ended real estate investment trust
established under the laws of the Province of Ontario. The REIT is a unique new
Canadian based and governed REIT, established to invest in high-quality income
producing commercial real estate outside of Canada. The REIT's initial
geographic focus is on the investment grade countries of Europe, with an initial
target market of the Netherlands. The REIT's mission is to provide Canadian
investors with high-quality international real estate diversification and
deliver stable, sustainable, and growing cash flows to unitholders, on a
tax-efficient basis.


Disclaimer for Forward -Looking Information

Certain statements contained in this press release constitute forward-looking
information within the meaning of applicable securities laws. Forward-looking
information may relate to the REIT's future outlook and anticipated events or
results and may include statements regarding the financial position, business
strategy, budgets, litigation, projected costs, capital expenditures, financial
results, taxes, plans and objectives of or involving the REIT. Particularly,
statements regarding future results, performance, achievements and prospects or
opportunities for the REIT or the real estate industry are forward-looking
statements. In some cases, forward-looking information can be identified by such
terms such as "may", "might", "will", "could", "should", "would", "occur",
"expect", "plan", "anticipate", "believe", "intend", "estimate", "predict",
"potential", "continue", "likely", "schedule", or the negative thereof or other
similar expressions concerning matters that are not historical facts. Some of
the specific forward-looking statements in this press release include, but are
not limited to, statements with respect to the following: the expected
distribution amounts for the initial distribution and subsequent distributions.


Although the forward-looking statements contained in this press release are
based upon assumptions that management of the REIT believes are reasonable based
on information currently available to management, there can be no assurance that
actual results will be consistent with these forward-looking statements.
Forward-looking statements necessarily involve known and unknown risks and
uncertainties, many of which are beyond the REIT's control, which may cause
actual results to differ materially from those expressed or implied by such
forward-looking statements.


The forward-looking statements made in this press release relate only to events
or information as of the date hereof. Except as required by applicable law, the
REIT undertakes no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or otherwise,
after the date on which the statements are made or to reflect the occurrence of
unanticipated events.


The TSXV has neither approved nor disapproved the contents of this press release.

Neither the TSXV nor its Regulation Services Provider (as that term is defined
in policies of the TSXV) accepts responsibility for the adequacy or accuracy of
this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Maplewood International Real Estate Investment Trust
Kursat Kacira
Chief Executive Officer
(905) 361-6818
kkacira@maplewoodreit.com


Maplewood International Real Estate Investment Trust
Kimberly Tam
Chief Financial Officer
(905) 361- 6828
ktam@maplewoodreit.com
Maplewood International ... (TSXV:MWI.UN)
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