_____________________________________________

Whiterock Real Estate Investment Trust ("Whiterock") has implemented a Distribution Reinvestment Plan ("DRIP") for the benefit of Unitholders. The DRIP allows Unitholders to have their monthly cash distributions automatically reinvested in additional Units of Whiterock generally without brokerage fees, at a 4% discount to the volume weighted average market price of the Units for the 10 trading days preceding the distribution payment date, subject to a $250 minimum.

In addition, participants may also make matching optional cash payments, subject to a $250 minimum, to purchase additional units of Whiterock generally without brokerage fees at the volume weighted average market price of the Units for the 10 trading days preceding the distribution payment date.

Units acquired under the DRIP will be issued directly from Whiterock's treasury.

The DRIP is administered by CIBC Mellon and for those Unitholders holding Units directly, enrolment forms should be returned by fax (416-643-5020) or by mail to: Attn: Dividend Reinvestment Department, CIBC Mellon Trust Company, P.O. Box 7010, Adelaide Street Postal Station, Toronto, ON M5C 2W9.

Unitholders whose Units are registered in the name of a stock broker, bank, trust company or other nominee should contact such nominee if they wish to enroll in the plan.

DRIP Registration form
DRIP Plan