AUGUST21, 2007. TORONTO, ONT. – Timbercreek Asset Management Inc.(“TAMI”) announced today that Ugo Bizzarri, CFO, Vice-President Acquisitionsand Jeff Hutchison, Vice-President Asset Management will participate in discussionpanels at the upcoming Canadian Investment Apartment Conference (“CIAC”). Mr. Bizzarrihas been asked to provide his perspective on how to attain debt and equityfinancing from public and private capital in today’s market and Mr. Hutchisonwill participate on a debate around retrofitting versus building new rentalhouses.

The CIAC,to be held at the Metro Toronto Convention Centre on Wednesday, September 19,2007, brings together owners, developers, investors, and lenders to providevaluable insights into the multi-unit residential market and how this sector isperforming.

TimbercreekAsset Management Inc. (“TAMI”) is one of Canada’s fastest growing alternativeasset class investment managers. TAMI has a value oriented investmentphilosophy, and specializes in providing conservatively managed, risk adverseprivate investment opportunities to institutions, trusts and endowment funds,discretionary investment advisors and qualified individuals.

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