Maplewood International REIT Announces 100% DRIP Participation Rate From Class B LP Unitholders

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 achieved a 100% participation rate
in the REIT's distribution reinvestment plan ("DRIP") from the holders ("Class B
LP Unitholders") of Class B Limited Partnership Units of Maplewood International
Limited Partnership ("Class B LP Units"). The Class B LP Units, upon exchange
into trust units of the REIT ("Units"), represent approximately 77% of the
REIT's total issued and outstanding Units.


"I am delighted that our Class B LP Unitholders, who represent such a
significant portion of our unitholder base, have shown such a strong commitment
to the REIT's growth plan by participating in our DRIP," said Kursat Kacira,
Chief Executive Officer of the REIT. "This exceptional level of DRIP
participation significantly improves the REIT's financial flexibility through
greater cash flow retention by the REIT."


Eligible unitholders can participate in the DRIP, whereby those unitholders
enrolled in the DRIP will have their monthly cash distributions used 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 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 unitholders to acquire
additional units in the REIT.


The Class B LP Units are exchangeable, at the option of the Class B LP
Unitholder, for Units on a one-for-one basis. The Class B LP Units, together
with non-transferable special voting units issued by the REIT to Class B LP
Unitholders, have economic and voting rights equivalent, in all material
aspects, to the Units. 


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 growth-oriented international 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 unitholder and
Class B LP Unitholder participation in the DRIP.


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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