Crombie REIT Announces Departure of Chief Financial Officer

STELLARTON, NS, June 16 /CNW/ - Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) announced today that Scott Ball has left his position with Crombie REIT as Chief Financial Officer. Mr. Ball joined Crombie in 2006 as its Vice President, Chief Financial Officer and Secretary and has played a significant role in the growth and development of Crombie since that date. Crombie thanks Mr. Ball for his contributions and wishes him all the best in his future endeavours.

In the interim, until the appointment of a replacement Chief Financial Officer of Crombie please direct all financial inquiries to the attention of Mr. Jeff Downs CA, Senior Director of Finance of Crombie REIT.

About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust is an unincorporated open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 118 commercial properties in seven provinces, comprising approximately 11.5 million square feet of gross leaseable area. Additional information relating to Crombie REIT can be found on Crombie's website (www.crombiereit.com)

For further information: Jeff Downs CA, Senior Director of Finance, Crombie REIT, [phone]