The number of common shares to be issued per $1000 principal amount of debentures will be calculated by dividing the dollar amount of interest payable by an amount equal to 97% of the volume-weighted average trading price of the common shares of First Capital Realty on the Toronto Stock Exchange calculated for the 20 consecutive trading days ending on March 24, 2010. The aggregate interest payment is approximately $8.7 million, plus any accrued and unpaid interest on debentures which are converted on or before March 24, 2010. It is the current intention of First Capital Realty to continue to satisfy its obligations of principal and interest payments on its convertible unsecured subordinated debentures by issuance of common shares. 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.