The Board of Trustees (the "Board") of RioCan Real Estate Investment Trust ("RioCan") (TSX: REI.UN) today announced that it has appointed Susan McArthur as a Trustee, effective immediately. Ms. McArthur will join the Board's Audit Committee and the Nominating, Environmental, Social and Governance Committee.

Ms. McArthur is an accomplished corporate director with extensive experience across financial services, real estate, insurance, technology and capital markets. She brings more than 25 years of investment banking and venture capital experience, along with extensive board and governance credentials spanning major Canadian public companies, Crown agencies and not-for-profit organizations, including currently serving as a director of Great-West Lifeco. Over her distinguished career, Ms. McArthur has advised corporate clients on a broad range of strategic and capital markets transactions, earning a reputation as a trusted leader in governance, capital allocation, regulatory oversight and innovation.

"On behalf of RioCan's Board of Trustees, we are delighted to welcome Susan McArthur to RioCan's Board," said Ed Sonshine, Chairman of the Board. "Susan brings an exceptional combination of board leadership, governance expertise and strategic insight gained through decades of service to public companies, government agencies and innovative growth businesses. We are confident that her breadth of experience across industries and her strong track record of oversight and stewardship will be invaluable as RioCan continues to execute on its long-term strategy and create sustainable value for our unitholders."

For more information on RioCan's Board, please visit https://www.riocan.com/investors/board-of-trustees.

About RioCan
RioCan meets the everyday shopping needs of Canadians through the ownership, management and development of necessity-based retail properties in densely populated communities. As at March 31, 2026, our portfolio is comprised of 167 properties with an aggregate net leasable area of approximately 32 million square feet (at RioCan's interest). To learn more about us, please visit www.riocan.com.

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