Hollinger Inc.

Hollinger Inc.

December 08, 2006 11:20 ET

Hollinger Inc. Announces Sale of 10 Toronto Street

TORONTO, ONTARIO--(CCNMatthews - Dec. 8, 2006) - Hollinger Inc. ("Hollinger") (TSX:HLG.C) (TSX:HLG.PR.B) announced today that a wholly owned subsidiary of the Company has entered into a an agreement of purchase and sale through which the property at 10 Toronto Street, Hollinger's Toronto corporate office, will be sold to Morgan Meighen & Associates for $14 million. The sale is expected to close in May, 2007.

Morgan Meighen & Associates is one of Canada's oldest independent investment managers.

Company Profile

Hollinger's principal asset is its approximately 70.1% voting and 19.7% equity interest in Sun-Times Media Group Inc. (formerly Hollinger International Inc.), a newspaper publisher with assets which include the Chicago Sun-Times and a large number of community newspapers in the Chicago area. Further information can be obtained at www.hollingerinc.com.

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