Analyst Coverage

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| CIBC World Markets |
Rossa O’Reilly / Alex Avery |
416-594-7296 |
| Desjardins Securities |
Frank Mayer |
416-867-3764 |
| TD Newcrest |
Sam Damiani / Daniel Kim |
416-983-9640 |
Please note that any opinions, estimates or forecasts regarding BPO Properties' performance made by the analysts covering BPO Properties are theirs alone and do not represent opinions, forecasts or predictions of BPO Properties Ltd. or its management. BPO Properties does not by its reference above or distribution imply any endorsement of or concurrence with such information, conclusions or recommendations. |