Notes: MARKHAM, ONTARIO Extendicare Real Estate Investment Trust or the REIT announced that it will file a Form 15F with the United States Securities and Exchange Commission today to voluntarily deregister its trust units under the Securities Exchange Act of 1934, as amended. In connection with the completion of the plan of arrangement on November 10, 2006 by which Extendicare REIT became a successor to Extendicare Inc., Extendicare Inc. delisted its securities from the New York Stock Exchange (NYSE), and Extendicare REIT did not list its units on the NYSE. Upon filing of the Form 15F, Extendicare REIT’s obligation to file reports under sections 13(a) or 15(d) of the Exchange Act will immediately be suspended. The REIT expects that deregistration of its Trust Units will become effective 90 days after the date of filing of the Form 15F with the SEC.