Highfield Limited Partnership Acquires 278 Units of Each of Prince William Partnership, Kensington II Partnership and Moira Partnership

TORONTO, ONTARIO--(Marketwire - Jan. 6, 2011) - Highfield Limited Partnership ("Highfield") announces that it has acquired beneficial ownership of 278 limited partnership units of each of Prince William Partnership, Kensington II Partnership and Moira Partnership (the "Partnerships"), representing 46.5% of the outstanding limited partnership units of each of the Partnerships (the "Transactions") effective January 4, 2011.

As a result of the Transactions, Highfield, together with any joint actors, has ownership and control over 336 limited partnership units of each of the Partnerships, representing 56.2% of the outstanding limited partnership units of each of the Partnerships. The Transactions were completed by private agreements and the consideration offered per limited partnership unit by Highfield involving Prince William Partnership was $8799, involving Kensington II Partnership was $800, and involving Moira Partnership was $1. The aggregate consideration paid by Highfield for the limited partnership units subject to the Transaction involving Prince William Partnership was $2,446,122, involving Kensington II Partnership was $222,400, and involving Moira Partnership was $278.

Highfield effected the purchases to consolidate ownership of the limited partnership units of the Partnerships owned by joint actors and either alone or together with joint actors may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over the limited partnership units or other securities of the Partnerships, through market transactions, private agreements or otherwise.

Highfield is relying on the exemption from the formal bid requirements in Section 100.1(1) of the Securities Act (Ontario) in connection with the Transactions. Purchases were made from not more than five persons or companies in the aggregate, including persons or companies located outside of Ontario. The offer to purchase limited partnership units of the Partnerships was not made generally to securityholders of limited partnership units of the Partnerships. The value of the consideration paid by Highfield for the limited partnership units of the Partnerships subject to the Transaction, including brokerage fees or commissions, is not greater than 115 per cent of the market price of the securities as determined in accordance with the regulations.

Highfield has filed reports describing the Transactions with applicable securities regulators, copies of which shall be sent promptly to anyone who requests copies from the person noted below.