ISS Recommends KEYreit Unitholders Vote Against the Unitholder Rights Plan

RICHMOND, BRITISH COLUMBIA--(Marketwire - March 12, 2013) - Huntingdon Capital Corp. ("Huntingdon") (TSX:HNT)(TSX:HNT.DB)(TSX:HNT.WT) was encouraged to learn that ISS Proxy Advisory Services ("ISS") has recommended that KEYreit ("KEYreit") (TSX:KRE.UN) unitholders vote AGAINST the proposed unitholder rights plan to be voted upon at the KEYreit Special Meeting of Unitholders to be held on Tuesday, March 26, 2013. ISS is widely recognized as a leading independent proxy voting and corporate governance advisory firm. Their analyses and recommendations are relied upon by many major institutional investment firms, mutual funds and fiduciaries throughout North America.

In their report recommending that unitholders vote AGAINST the Unitholder Rights Plan on the KEYreit meeting agenda, ISS concluded "Upon review of the plan, a vote AGAINST the unitholder rights plan is warranted…" In reaching their decision, ISS listed many serious governance concerns associated with KEYreit's adoption of the Unitholder Rights Plan.

"I am pleased that ISS, a leading independent proxy research firm, has supported what Huntingdon believes to be true - that KEYreit unitholders must vote AGAINST the proposed Rights Plan", commented Zachary R. George, Director, President and Chief Executive Officer, Huntingdon Capital. "I believe in your right to choose. Huntingdon has put an attractive $7.00 offer on the table and respects your right to accept this offer or to turn it down."

The decision is yours no matter how many units you hold. It is imperative that you vote only your GREEN proxy to preserve your right to choose, well in advance of the March 21, 2013 proxy cut-off date to ensure that your proxy is received in time to be counted.

VOTE ONLY THE GREEN PROXY AGAINST THE RIGHTS PLAN RESOLUTION TODAY.

EVEN IF YOU HAVE PREVIOUSLY VOTED A KEYREIT PROXY IN FAVOUR OF THE RIGHTS PLAN RESOLUTION, YOU HAVE THE RIGHT TO CHANGE YOUR VOTE. A LATER DATED GREEN PROXY SUBMITTED PRIOR TO 5:00PM (TORONTO TIME) ON MARCH 21, 2013 REPLACES YOUR PREVIOUS VOTE. WE URGE YOU TO DISREGARD ANY PROXY SENT TO YOU BY KEYREIT.

To keep current with all further developments and for assistance and ease with voting your GREEN proxy, please contact CST Phoenix Advisors at 1-800-332-7449 (toll free in North America) or 1-201-806-2222 (outside North America, banks, brokers and collect calls) or by email at inquiries@phoenixadvisorscst.com.

About Huntingdon Capital Corp

Huntingdon is a British Columbia real estate operating company listed on the TSX (Common Shares: HNT; Debentures: HNT.DB; Warrants: HNT.WT). Huntingdon owns and manages a portfolio of 36 industrial, office, retail and aviation-related properties throughout Canada that have a total gross leasable area of 2.9 million square feet. In addition, Huntingdon owns an approximate 30% interest in FAM Real Estate Investment Trust (the "REIT") (TSX:F.UN)(TSX:F.WT) and manages, on behalf of the REIT, a portfolio of 27 industrial, office, and retail properties throughout Canada that have a gross leasable area of 1.7 million square feet.

Forward-Looking Statements

Certain information contained in this news release constitutes "forward-looking information" (or "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical or present fact, constitute forward-looking information and typically include words and phrases about the future such as "may", "will", "anticipate", "estimate", "expect", "plan", "intend", "believe", "predict", "goal", "target", "project", "potential", "strategy" and "outlook" or the negative thereof or similar variations. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by Huntingdon, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Huntingdon cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors, estimates and assumptions that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Some important factors, estimates and assumptions that could cause actual results to differ materially from expectations include, among other things, the assumption that Huntingdon will acquire 100% of the issued and outstanding trust units in KEYreit through its offer; the assumption that all of the conditions to the Huntingdon offer will be satisfied; certain assumptions relating to general economic conditions, market factors, competition, changes in government regulation and changes in prevailing interest rates; and the assumption that there are no inaccuracies or material omissions in KEYreit's publicly available information, and that KEYreit has not disclosed events which may have occurred or which may affect the significance or accuracy of such information. While Huntingdon considers these factors, estimates and assumptions to be reasonable based on information currently available to them, they may prove to be inaccurate.

The information concerning KEYreit contained in this press release has been taken from or is based entirely upon KEYreit's publicly available documents and has not been independently verified by Huntingdon. Huntingdon, nor any of its respective directors or officers assumes any responsibility for the accuracy or completeness of such information, or for any failure by KEYreit to disclose events or facts which may have occurred or which may affect the significance or accuracy of any such information, but which are unknown to Huntingdon. Forward-looking information contained herein are made as of the date of this press release based on the opinions and estimates of Huntingdon on the date statements containing such forward-looking information are made. Huntingdon does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. Accordingly, readers should not place any undue reliance on forward-looking information.

*Permission to use quotations from the ISS report was neither sought nor obtained.