Source: Aird & Berlis LLP

Kensington II Partnership Consolidation of Partnership Units

TORONTO, ONTARIO--(Marketwire - Feb. 8, 2011) - Kensington II Partnership (the "Partnership") announced today that it received approval to effect a consolidation of the Partnership Units of the Partnership on a 1 for 10 basis (the "Consolidation"). Each Limited Partner who held a fractional unit as a result of the Consolidation will receive cash from the Partnership in the amount of $800 for each Partnership Unit held before the Consolidation.

As a result of the Consolidation, Highfield Limited Partnership will own all of the units of the Partnership.

The Partnership has filed a report describing the Consolidation with applicable securities regulators, copies of which shall be sent promptly to anyone who requests copies from the person noted below.

Contact Information: Kensington II Partnership
Maryke Wharton
(416) 966-8456