regarding the initiation of a value maximization process, Maplewood International Real Estate Investment Trust (TSXV:MWI.UN)'s board of trustees has expanded the scope of the process to consider additional strategic alternatives for the REIT, including, but not limited to, a merger, reorganization, privatization, reverse takeover or any other such alternative. Notwithstanding this expanded scope, the board will continue to consider the sale of the REIT's investment property in the Netherlands and the return of capital to unit holders, as originally contemplated by the process, and will also consider this in combination with any other strategic alternative under consideration.