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BPO Properties Ltd. Q2 2006 Conference Call and Webcast August 3, 2006 at 2:00 p.m. E.T.
July 10, 2006

TORONTO, July 10, 2006 - BPO Properties Ltd. (BPP: TSX) announced today that its second quarter results will be released on Thursday, August 3, 2006. Analysts, investors and other interested parties are invited to participate in the company's live conference call reviewing 2006 second quarter results on Thursday, August 3, 2006 at 2:00 p.m. Eastern Time. Scheduled speakers are Tom Farley, President and Chief Operating Officer, and Craig Laurie, Chief Financial Officer. Management's presentation will be followed by a question and answer period.

Along with the earnings news release, an updated supplemental information package will be available on the company's Web site www.bpoproperties.com, on August 3, 2006.

To participate in the conference call, please dial 888-789-9572, passcode 9627150, five minutes prior to the scheduled start of the call.

A replay of this call can be accessed through August 18th, 2006 by dialing 888-509-0081, passcode 9627150. A live webcast of the call will be available at www.bpoproperties.com for 30 days.

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BPO Properties Ltd., 89% owned by Brookfield Properties Corporation, is a Canadian company that invests in real estate, focusing on the ownership and value enhancement of premier office properties. The portfolio is comprised of 35 commercial properties totaling 22 million square feet and seven development sites totaling four million square feet. Landmark properties include First Canadian Place in Toronto and Bankers Hall in Calgary. BPO Properties' common shares trade on the TSX under the symbol BPP. For more information, visit www.bpoproperties.com.


Contact:
Melissa Coley, Vice President, Investor Relations & Communications
Email: mcoley@bpoproperties.com
Tel: (416) 359-8593

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Note: This press release contains "forward-looking statements" that are based on certain assumptions and reflect the company's current expectations. The words "believe," "expect," "anticipate," "intend," "estimate" and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include general economic conditions, local real estate conditions, timely re-leasing of occupied square footage upon expiration, interest rates, availability of equity and debt financing and other risks detailed from time to time in the documents filed by the company with the securities regulators in Canada. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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