RioCan Real Estate Investment Trust Announces Results of Voting at its Annual Meeting of Unitholders

TORONTO--(BUSINESS WIRE)--RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced the results of the votes from its annual meeting of unitholders (the “Meeting”) held today.

The total number of units represented by unitholders present in person or by proxy at the Meeting was 159,806,744, representing 54.99% of RioCan’s 290,615,339 outstanding units entitled to be voted.

Each of the nominee Trustees listed in the Trust's Management Information Circular dated April 27, 2026 was elected as a Trustee. RioCan received proxies with regard to voting on the nine Trustees nominated for election, as set forth in the table below:

Name of Nominee	Votes For	%	Votes Withheld	%
Janice Fukakusa, C.M.	154,370,212	97.13%	4,563,540	2.87%
Jonathan Gitlin	156,943,514	98.75%	1,990,240	1.25%
Marie-Josée Lamothe	157,658,773	99.20%	1,274,979	0.80%
Dale H. Lastman, C.M., O.Ont.	153,449,100	96.55%	5,484,653	3.45%
Jane Marshall	154,438,790	97.17%	4,494,963	2.83%
Guy Metcalfe	158,667,708	99.83%	266,046	0.17%
Edward Sonshine, O.Ont., K.C.	151,106,998	95.08%	7,826,398	4.92%
Siim A. Vanaselja	149,358,537	93.98%	9,575,215	6.02%
Charles M. Winograd	152,057,753	95.67%	6,876,000	4.33%

Appointment of Auditors

PricewaterhouseCoopers LLP was appointed as the auditor of the Trust until the next annual meeting of unitholders by resolution passed by a majority of the unitholders. Management received proxies to vote for the appointment of the auditor (and to authorize the Trustees to fix their remuneration) as follows:

Votes For	%	Votes Withheld	%
158,990,068	99.49%	816,676	0.51%

Say-On-Pay Non-Binding Advisory Vote

The non-binding say-on-pay vote on the Trust’s approach to executive compensation was passed as follows:

Votes For	%	Votes Against	%
146,067,735	91.90%	12,866,019	8.10%

About RioCan

RioCan meets the everyday shopping needs of Canadians through the ownership, management and development of necessity-based retail properties in densely populated communities. As at March 31, 2026, our portfolio is comprised of 167 properties with an aggregate net leasable area of approximately 32 million square feet (at RioCan's interest). To learn more about us, please visit www.riocan.com.