Notice of Hearing: In the Matter of Primaris Retail Real Estate Investment Trust and KS Acquisition II LP

IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED

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IN THE MATTER OF PRIMARIS RETAIL REAL ESTATE INVESTMENT TRUST AND
KS ACQUISITION II LP

NOTICE OF HEARING
(Section 127)

    TAKE NOTICE that the Ontario Securities Commission (the “Commission”) will hold a hearing (the “Hearing”) at the temporary offices of the Commission at ASAP Reporting Services Inc., Bay Adelaide Centre, 333 Bay Street, Suite 900, Toronto, Ontario commencing on Wednesday, January 30, 2013 at 10:00 a.m. or as soon thereafter as the Hearing can be held;

    TO CONSIDER whether it is in the public interest to make a cease trade order in respect of the unitholders rights plan of Primaris Retail Real Estate Investment Trust pursuant to an application by KS Acquisition II LP.

    Dated at Toronto this 11^th day of January, 2013.