First Capital Realty's Annual Shareholders' Meeting

Celebrating 10 years with the Management Team

TORONTO, May 5 /CNW/ - First Capital Realty Inc. ("First Capital Realty") (TSX:FCR) Canada's leading owner, developer and operator of supermarket and drugstore-anchored neighbourhood and community shopping centres, located predominantly in growing metropolitan areas, will hold its Annual Shareholders' Meeting at 11:00am ET on May 10, 2010 at One King West Hotel & Residence, 1 King Street West, The Austin Gallery Room, 12th Floor, Toronto, Ontario.

For those unable to attend the meeting in person, a live audio webcast of the meeting and managements' presentations will be provided. Please access the link on the Company's website at www.firstcapitalrealty.ca. The webcast will also be archived on the Company's website following the meeting.

ABOUT FIRST CAPITAL REALTY (TSX:FCR)

First Capital Realty is Canada's leading owner, developer and operator of supermarket and drugstore-anchored neighbourhood and community shopping centres, located predominantly in growing metropolitan areas. The Company currently owns interests in 176 properties, including three under development, totalling approximately 20.8 million square feet of gross leasable area and six land sites in the planning stage for future retail development.

For further information: Dori J. Segal, President & C.E.O., or Karen H. Weaver, E.V.P. & C.F.O., First Capital Realty Inc., 85 Hanna Avenue, Suite 400, Toronto, Ontario, Canada, M6K 3S3, Tel: [phone], Fax: [phone], www.firstcapitalrealty.ca