/C O R R E C T I O N from Source -- Revenue Properties Company Limited/

In TO209 transmitted at 7:20e today, the headline should have read
"Revenue Properties Company Limited Announces Second Quarter Dividend"
and not "...Announces First Quarter Dividend". Corrected copy follows:

Revenue Properties Company Limited Announces Second Quarter Dividend

MISSISSAUGA, ON, May 20 /PRNewswire-FirstCall/ - Revenue Properties
Company Limited (TSX: RPC) announced today that its Board declared a dividend
of $0.05 per common share payable on June 30th, 2008, to shareholders of
record as at the close of business on June 23rd, 2008.
Revenue Properties Company Limited is a real estate company whose primary
focus is the acquisition, ownership and development of income producing
properties in Canada and the United States. The Company's diversified
portfolio includes approximately 4.5 million square feet of retail and office
space as well as 3,414 residential apartment suites.

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Revenue Properties Company Limited Announces First Quarter Dividend
MISSISSAUGA, ON, May 20 /PRNewswire-FirstCall/ - Revenue Properties
Company Limited (TSX: RPC) announced today that its Board declared a dividend
of $0.05 per common share payable on June 30th, 2008, to shareholders of
record as at the close of business on June 23rd, 2008.
Revenue Properties Company Limited is a real estate company whose primary
focus is the acquisition, ownership and development of income producing
properties in Canada and the United States. The Company's diversified
portfolio includes approximately 4.5 million square feet of retail and office
space as well as 3,414 residential apartment suites.
SOURCE Revenue Properties Company Limited

Revenue Properties Company Limited, K. (Rai) Sahi, Chief Executive Officer,
(905) 281-3800; Paul Miatello, Chief Financial Officer, (905) 281-3800