MARKHAM, ONTARIO--(MARKET WIRE)--Apr 21, 2008 -- Extendicare Real Estate Investment Trust ("Extendicare REIT" or "Extendicare") (Toronto:EXE-UN.TO - News) will release its 2008 first quarter financial results on Thursday, May 8, 2008. Extendicare will hold a conference call on Friday, May 9, 2008, at 10:00 a.m. (ET) to discuss its results for the first quarter.

Following its release on May 8, 2008, Extendicare will post a copy of the press release on its website, in addition to an update of its supplemental information package found under the Investors/Financial Results/Supplemental Information section of its website at www.extendicare.com.

The May 9, 2008, conference call will be webcast live and archived in the Investors/Presentation & Webcasts section of Extendicare's website. Alternatively, the call-in number is 1-877-323-2090 or 416-641-6140. A taped rebroadcast of the call will be available approximately two hours after completion of the live call until midnight on May 23, 2008. To access the rebroadcast dial 1-800-408-3053 or 416-695-5800, conference ID number is 3257431.

Scheduled speakers for Extendicare REIT on the conference call include: Tim Lukenda, President and Chief Executive Officer; Doug Harris, Senior Vice President and Chief Financial Officer; and Paul Tuttle, President of Canadian Operations.

Annual Meeting

Extendicare REIT will be hosting its Annual Meeting on Thursday, May 8, 2008 at 4:00 p.m. (ET) (the "Meeting"), at the TSX Gallery, The Exchange Tower, 130 King Street West, Toronto, Ontario. For Meeting purposes, the record date for Extendicare REIT's unitholders is March 14, 2008.

For those unable to attend the Meeting in person, it will be webcast on Extendicare's website in the Investors/Annual Meetings section at www.extendicare.com. Management's presentation to unitholders will be streamed in real time with accompanying slides. The webcast will also be archived on the site.

About Us

Extendicare REIT, through its wholly owned subsidiaries, is a major provider of long-term care and related services in North America. Through its subsidiaries, Extendicare operates 269 nursing and assisted living facilities in North America, with capacity for approximately 30,300 residents. As well, Extendicare's subsidiaries offer medical specialty services such as subacute care and rehabilitative therapy services in the United States, and home health care services in Canada, and employ approximately 37,700 people in North America.

     Contacts:
     Extendicare REIT
     Douglas J. Harris
     Senior Vice President and Chief Financial Officer
     (414) 908-8855
     (905) 470-4003 (FAX)
     Email: djharris@extendicare.com
     Visit Extendicare's Website @ http://www.extendicare.com