KRS buys approx. 1% common shares of Plazacorp Retail Props.

NEW HYDE PARK, NY According to Kimco Realty Corp., its subsidiary, Kimco Realty Services, Inc. (KRS) purchased 458,600 common shares of Plazacorp Retail Properties Ltd., representing approximately 1% of the outstanding common shares of Plazacorp. Kimco Realty Corp. and KRS now own, in the aggregate, 4,888,532 shares which represents approximately 10.7% of the outstanding common shares of Plazacorp, a publicly traded Canadian company. The purchase was made for general investment purposes and Kimco Realty Corp. or its affiliates may purchase additional shares or otherwise trade in securities of Plazacorp from time to time depending on market conditions and other considerations.