BTB Real Estate Investment Trust T.BTB.DB.G

Highlights

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2010 SECOND QUARTER HIGHLIGHTS

 Closing of the acquisition of Cagim at a price of $1.05 per share, adding thereby more than 600,000

square feet of leasable area. The acquisition cost of the purchased shares total more than

21.5 million $ thus procuring high quality assets totalling47 million $. BTB’s portfolio now consists

of 49 properties representing 2,866,000 square feet of leasable area.

 An 8.8% increase in revenues and a 4% increase in NOI in comparison to the second quarter of

2009 due to the acquisition of the Cagim portfolio (May 10 to June 30, 2010).

 Increase in the occupancy rate of 3 out of 4 of the Trust’s real estate sectors. To the exception of the

‘office’ sector, the occupancy rate of all of the 3 other sectors of the Trust increased slightly for the

period ended June 30, 2010.

 Increase of 4.1% in average rate of expired and renewed leases in the second quarter of 2010. Since

the beginning of the year the Trust has seen an average increase of 4.7% in renewed in-place leases

which will enable it to ultimately increase its comparable real estate portfolio revenues.

 Slight decrease of the Trust’s operation performance ratios for the period ended June 30, 2010

(Distributable income, FFO and AFFO) compared with that of the second quarter of 2009 due to a

slight reduction in the overall rate of occupancy preceding Cagim’s portfolio acquisition (a $150,000

effect), the loss of revenues from one of its building under development since the beginning of 2010

(a $107,000 effect), and non recurring items (a $101,000 effect). On the basis of the signed leases for

the building under development, with both Pharmaprix and Bank of Montreal, these will eventually

generate quarterly revenues upwards of $165,000.