TORONTO, ONTARIO--(Marketwired - May 7, 2013) - DUNDEE INDUSTRIAL REIT (TSX:DIR.UN) announced that, at its annual general meeting held today, all of the nominees for election as trustees of Dundee Industrial REIT referred to in its management information circular for the meeting were elected by acclamation. If a ballot vote had been taken, based solely upon proxies received by Dundee Industrial REIT, the voting results for the election of trustees would have been as follows:
| Nominee | Votes For | % Votes For | Withheld | % Votes Withheld |
| Michael J. Cooper | 30,798,260 | 97.4 | 815,056 | 2.6 |
| Peter Crossgrove | 30,548,492 | 96.6 | 1,064,824 | 3.4 |
| Joanne Ferstman | 30,692,045 | 97.1 | 921,271 | 2.9 |
| Robert Goodall | 31,600,186 | 99.9 | 13,130 | 0.0 |
| Johann Olav Koss | 31,578,616 | 99.9 | 34,700 | 0.1 |
| Ben Mulroney | 31,560,921 | 99.8 | 52,395 | 0.2 |
| Leerom Segal | 31,570,266 | 99.8 | 43,050 | 0.1 |
| Vincenza Sera | 31,601,096 | 99.9 | 12,220 | 0.0 |
Dundee Industrial REIT is an unincorporated, open-ended real estate investment trust. Dundee Industrial REIT owns a portfolio of 180 primarily light industrial properties comprising approximately 13.1 million square feet of gross leasable area in key industrial markets across Canada. Its objective is to build upon and grow its portfolio and to provide stable, sustainable and growing cash distributions to its unitholders. For more information, please visit www.dundeeindustrial.com.
Contact Information:
Michael Cooper
Chairman, Executive Committee
(416) 365-5145
mcooper@dundeeindustrial.com
Dundee Industrial REIT
Randy Cameron
President & Chief Executive Officer (Interim)
(403) 270-2480
rcameron@dundeeindustrial.com
Dundee Industrial REIT
Mario Barrafato
Chief Financial Officer
(416) 365-4132
mbarrafato@dundeeindustrial.com
www.dundeeindustrial.com