Plazacorp announces appointment of new Director

    FREDERICTON, NB, April 9 /CNW/ - Plazacorp Retail Properties Ltd.
(PLZ:PLZ Venture) announced today the appointment of Denis Losier, of Moncton,
New Brunswick, to its Board of Directors.
    Mr. Losier is President and Chief Executive Officer of Assumption Mutual
Life Insurance Company of Moncton and also Chairman of Assumption Life's real
estate subsidiaries and Louisbourg Investments. He is a member of several
Boards, including Canadian National, NAV Canada and Enbridge Gas New
Brunswick. He previously served as a Member on the New Brunswick Legislative
Assembly and held several cabinet positions during his tenure.
    Earl Brewer, Chairman of Plazacorp, said "We are very pleased to welcome
Mr. Losier to the Plazacorp Board. He has played a significant role in
creating better communities and municipalities in New Brunswick. Mr. Losier's
extensive real estate experience, strong leadership abilities and significant
exposure in both the public and private sectors will prove invaluable to
Plazacorp."

    Plazacorp Retail Properties Ltd. is an owner of shopping malls and strip
plazas throughout Atlantic Canada, Quebec and Ontario. Plazacorp owns
interests in 78 properties comprising 3.9 million square feet of retail real
estate.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.
    %SEDAR: 00012014E