Extendicare REIT Announces 2012 First Quarter Financial Results News Release, Conference Call and Annual and Special Meeting Information

MARKHAM, ONTARIO--(Marketwire - April 5, 2012) - Extendicare Real Estate Investment Trust ("Extendicare REIT" or "Extendicare") (TSX:EXE.UN) today announced it will hold a conference call and live audio webcast on Wednesday, May 9, 2012, at 10:00 a.m. (ET) to discuss financial results for the first quarter ended March 31, 2012.

Following the issuance of the news release on May 8, 2012, Extendicare will post a copy, along with an update of the supplemental information package, on its website www.extendicare.com, under the investors/financial reports section.

The call will be hosted by Tim Lukenda, President and Chief Executive Officer; Doug Harris, Senior Vice President and Chief Financial Officer, and Paul Tuttle, President of Canadian Operations. Following management's presentation, there will be a question and answer session for analysts and institutional investors.

To participate in the conference call on May 9, 2012, please dial 1-866-696-5910 or 416-340-2217 followed by the passcode 5201633#. The conference call will also be accessible via webcast at www.extendicare.com under the investors/presentations and webcasts section. A replay of the call will be available approximately two hours after completion of the live call until midnight on May 25, 2012. To access the rebroadcast please dial 1-800-408-3053 or 905-694-9451 followed by the passcode 4341341#.

Annual and Special Meeting

Extendicare REIT will be hosting its Annual and Special Meeting (the "Meeting") on Tuesday, May 8, 2012, at 2:30 p.m. (ET) at the Toronto Board of Trade - East Ballroom, 4th Floor, First Canadian Place, 77 Adelaide Street West, Toronto, Ontario. The management information and proxy circular and the form of proxy distributed to unitholders in connection with the meeting may be found on SEDAR at www.sedar.com.

For those unable to attend the Meeting in person, it will be accessible via webcast at www.extendicare.com under the investors/annual meetings section. Management's presentation to unitholders will be streamed in real time with accompanying slides. The webcast will also be archived on the site.

About Us

Extendicare REIT is a leading North American provider of post-acute and long-term senior care services. Through our network of owned and operated health care centers, our qualified and experienced workforce of 38,100 individuals is dedicated to helping people live better through a commitment to quality service that includes skilled nursing care, rehabilitative therapies and home health care services. Our 261 senior care centers in North America have capacity to care for approximately 28,100 residents. Extendicare REIT is a specified investment flow-through trust (SIFT) that has been subject to the SIFT tax since January 1, 2007.