TORONTO, ONTARIO, January. 09, 2008 (WIRE over COMTEX MARKET) — RioCan real estate investment confidence (”RioCan”) (TSX: REI.UN) is pleased, die appointment of Mr. Raghunath (”Rags”) Davloor as the older President and Chief financial VizeOfficer (”CFO”) effective February 11 to announce 2008. Mr. Davloor is a reached main leader and gets to RioCan more than 25 years real estates, management, finance, bookkeeping and tax experience. Kw_recently war Mr. Davloor the VizePresident and the director of investment banking for TD Securities Inc. forwards this, die it with O&Y Properties Inc. and O&Y material estate investment confidence for 10 years in a number of progressive positions finally worked on and becoming CFO. Mr. Davloor received his output training at the Arthur Anderson and at CO, in whom he 8 years in the balance, in which tax spent and in the advisory roles. “We will become pleased that Rags assumed our more offer, in order older VizePresident and CFO von RioCan. Its experience and knowledge are President an evaluated addition our to the crew of the older management, “said Edward Sonshine, Q.C., and Chief ExecutivOfficer of RioCan. “it is well that, the die RioCan crew admits is and will able to form die immediate and long designation of contributions to our the activities.” Over RioCan RioCan is largest material confidence investment the estate Canadas with a Gesamtmarket capitalization of approximately $7,4 billion. It possesses and handhas largest briefcase of the Canadas of the shopping centres with property portions of a briefcase of 212 small characteristics, including the 11 more under development and contains a whole of more over 53 million square foot. To further information please more refer to the web site RioCans on www.riocan.com. Contacts: RioCan real estate investment confidence Edward Sonshine, Q.C. President and CEO (416) web site 866-3018: www.riocan.com SOURCE: RioCan material estate investment confidence http://www.riocan.com copyright 2008 Market Wire, all rights reserved.
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