KingSett Capital Led Consortium Extends All-Cash Offer for Primaris Units

KingSett Capital Led Consortium Extends All-Cash Offer for Primaris Units 
TORONTO, Jan. 17, 2013 /CNW/ - KS Acquisition II LP (the "Offeror") today 
filed a notice of extension with the depositary of the offer (the "Offer") 
previously announced on December 5, 2012 to purchase all of the trust units of 
Primaris Retail Real Estate Investment Trust ("Primaris"). 
The Offer is now open for acceptance by Primaris unitholders until 5.00 p.m. 
(Toronto time) on February 4, 2013, ("Expiry Time") unless withdrawn by the 
Offeror. The Offer has been extended to allow the Offeror an opportunity to 
review materials, including the arrangement agreement that will be filed on 
SEDAR, in connection with yesterday's announcement regarding H&R Real Estate 
Investment Trust and H&R Finance Trust entering into an agreement to acquire 
Primaris unitholders with questions about the Offer or how to tender their 
Primaris units should contact CST Phoenix Advisors, the information agent 
under the Offer, at 1-866-822-1237 (North America toll-free) or 201-806-2222 
(collect calls) or by email at 
About KingSett Capital 
KingSett Capital is Canada's leading private equity real estate investment 
business, co-investing with pension fund and high net worth individual 
clients. KingSett Capital invests through a series of growth funds, mortgage 
funds and a core investment income fund, each with its own risk/return 
strategy. KingSett Capital has executed transactions valued at over $12.5 
billion in the past 10 years. 
About Ontario Pension Board 
Ontario Pension Board administers Ontario's Public Service Pension Plan, a 
defined benefit pension plan serving more than 42,000 members and their 
employers as well asmore than 40,000 pensioners anddeferred members. With 
more than $17 billion in assets, it is one of Canada's largest pension 
plans. Over the last 20 years, Ontario Pension Board has become one of 
Canada's leading direct owners of high qualityshopping centres. 
Important Notice 
This announcement is for informational purposes only and does not constitute 
or form part of any offer or invitation to purchase, otherwise acquire, 
subscribe for, sell, otherwise dispose of or issue, or any solicitation of any 
offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or 
subscribe for, any security. The release, publication and distribution of this 
announcement in certain jurisdictions may be restricted by law and therefore 
persons in such jurisdictions into which this announcement is released, 
published and distributed should inform themselves about and observe such 
restrictions. The Offer is not being made in, nor will deposits of securities 
be accepted in, any jurisdiction in which the making or acceptance thereof 
would not be in compliance with the laws of such jurisdiction. However, the 
Offeror may, in its sole discretion, take such action as it deems necessary to 
extend the Offer in any such jurisdiction. 
Forward-Looking Statements 
Certain information contained in this news release constitutes 
"forward-looking information" (or "forward-looking statements") within the 
meaning of applicable securities laws. All statements, other than statements 
of historical or present fact, constitute forward-looking information and 
typically include words and phrases about the future such as "may", "will", 
"anticipate", "estimate", "anticipate", "expect", "plan", "intend", "believe", 
"predict", "goal", "target", "project", "potential", "strategy" and "outlook" 
or the negative thereof or similar variations. Forward-looking information is 
necessarily based upon a number of assumptions that, while considered 
reasonable by each of KingSett Capital and Ontario Pension Board, are 
inherently subject to significant business, economic and competitive 
uncertainties and contingencies. KingSett Capital and Ontario Pension Board 
caution the reader that such forward-looking information involves known and 
unknown risks, uncertainties and other factors, estimates and assumptions that 
may cause actual results and developments to differ materially from those 
expressed or implied by such forward-looking information. Some important 
factors, estimates and assumptions that could cause actual results to differ 
materially from expectations include, among other things, the assumption that 
KingSett Capital and Ontario Pension board will acquire a 100% interest in 
Primaris through the Offer; the assumption that all of the conditions to the 
Offer will be satisfied; certain assumptions relating to general economic 
conditions, market factors, competition, changes in government regulation and 
changes in prevailing interest rates; and the assumption that there are no 
inaccuracies or material omissions in Primaris' publicly available 
information, and that Primaris has not disclosed events which may have 
occurred or which may affect the significance or accuracy of such information. 
While KingSett Capital and Ontario Pension Board consider these factors, 
estimates and assumptions to be reasonable based on information currently 
available to them, they may prove to be inaccurate. The information concerning 
Primaris contained in this press release has been taken from or is based 
entirely upon Primaris' publicly available documents and has not been 
independently verified by KingSett Capital or Ontario Pension Board. Neither 
KingSett Capital, Ontario Pension Board, nor any of their respective directors 
or officers assumes any responsibility for the accuracy or completeness of 
such information, or for any failure by Primaris to disclose events or facts 
which may have occurred or which may affect the significance or accuracy of 
any such information, but which are unknown to KingSett Capital and Ontario 
Pension Board. Forward-looking information contained herein are made as of the 
date of this press release based on the opinions and estimates of each of 
KingSett Capital and Ontario Pension Board on the date statements containing 
such forward-looking information are made. KingSett Capital and Ontario 
Pension Board do not undertake any obligation to update or revise 
forward-looking information, whether as a result of new information, future 
events or otherwise, except to the extent legally required. Accordingly, 
readers should not place any undue reliance on forward-looking information. 
Media contact: 
Longview Communications Louise Kozier Tel: (604) 644-6090 
Unitholder inquiries: 
CST Phoenix Advisors North American Toll-Free Phone: 1-866-822-1237 Banks, 
brokers and collect calls: 201-806-2222 Toll-Free Facsimile: 
SOURCE: KingSett Capital 
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CO: KingSett Capital
ST: Ontario
-0- Jan/17/2013 22:21 GMT
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