Holders of Extendicare REIT Units and holders of Exchangeable LP Units who are resident in Canada have the opportunity to participate in the Extendicare Distribution Reinvestment Plan and reinvest distributions to acquire additional REIT Units or Exchangeable LP Units at a 3% discount to the average market price of the REIT Units on the Toronto Stock Exchange at the time of reinvestment, commencing in respect of the first distribution on January 15, 2007. The average market price in respect of a particular distribution payment date, means the volume weighted average price of the REIT Units on the Toronto Stock Exchange for the five consecutive trading days immediately preceding the corresponding distribution date.

Distribution Reinvestment Price

2011 Distribution Reinvestment Price Applicable to REIT and Exchangeable LP Units
Average REIT Unit Drip Price (C$)	Bonus Unit Drip Price (3% discount)	Record Date	Payment Date
$10.1995	$  9.8935	Jan. 31, 2011	Feb. 15, 2011
$11.4109	$11.0686	Feb. 28, 2011	Mar. 15, 2011
$13,0278	$12.6370	Mar. 31, 2011	April 15, 2011
$11.8422	$11.4869	April 29, 2011	May 16, 2011
$10.2547	$  9.9471	May 31, 2011	June 15, 2011
$10.5783	$10.2610	June 30, 2011	July 15, 2011
$ 7.6993	$ 7.4683	July 29, 2011	Aug. 15, 2011
$ 7.5403	$ 7.3141	Aug. 31, 2011	Sept. 15, 2011
$ 7.0299	$ 6.8190	Sept. 30, 2011	Oct. 17, 2011
$ 7.2508	$ 7.0333	Oct. 31, 2011	Nov. 15, 2011
$ 7.2141	$ 6.9977	Nov. 30, 2011	Dec. 15, 2011

2010 Distribution Reinvestment Price Applicable to REIT and Exchangeable LP Units
Average REIT Unit Drip Price (C$)	Bonus Unit Drip Price (3% discount)	Record Date	Payment Date
$  9.2669	$  8.9889	January 29, 2010	February 15, 2010
$10.5213	$10.2057	Feb. 26, 2010	March 15, 2010
$10.2286	$  9.9217	March 31, 2010	April 15, 2010
$  8.4451	$  8.1917	April 30, 2010	May 17, 2010
$  8.9331	$  8.6651	May 30, 2010	June 15, 2010
$  8.6619	$  8.4020	June 30, 2010	July 15, 2010
$  9.3019	$  9.0228	July 30, 2010	August 16, 2010
$  9.9426	$  9.6443	Aug. 31, 2010	Sept. 15, 2010
$  9.9826	$  9.6831	Sept. 30, 2010	Oct. 15, 2010
$  9.9185	$  9.6209	Oct. 29, 2010	Nov. 15, 2010
$  8.8607	$  8.5949	Nov. 30, 2010	Dec. 15, 2010
$  9.6049	$  9.3168	Dec. 31, 2010	Jan. 17, 2011

2009 Distribution Reinvestment Price Applicable to REIT and Exchangeable LP Units
Average REIT Unit Drip Price (C$)	Bonus Unit Drip Price (3% discount)	Record Date	Payment Date
$5.3261	$5.1663	January 30, 2009	February 16, 2009
$3.9508	$3.8323	Feb. 27, 2009	March 16, 2009
$4.3552	$4.2245	March 31, 2009	April 15, 2009
$5.5442	$5.3779	April 30, 2009	May 15, 2009
$6.3819	$6.1904	May 29, 2009	June 15, 2009
$5.5554	$5.3887	June 30, 2009	July 15, 2009
$6.5901	$6.3924	July 31, 2009	August 17, 2009
$7.3239	$7.1042	August 31, 2009	Sept. 15, 2009
$8.1510	$7.9065	Sept. 30, 2009	October 15, 2009
$7.8369	$7.6018	Oct. 30, 2009	Nov. 16, 2009
$7.6848	$7.4543	Nov. 30, 2009	Dec. 15, 2009
$9.5544	$9.2678	Dec. 31, 2009	Jan. 15, 2010

2008 Distribution Reinvestment Price Applicable to REIT and Exchangeable LP Units
Average REIT Unit DRIP Price (C$)	Bonus Unit DRIP Price (3% discount)	Record Date	Payment Date
$11.7578	$11.4051	Jan. 31, 2008	Feb. 15, 2008
$11.2638	$10.9259	Feb. 29, 2008	March 17, 2008
$11.6336	$11.2846	March 31, 2008	April 15, 2008
$10.7363	$10.4142	April 30, 2008	May 15, 2008
$9.6732	$9.3830	May 30, 2008	June 16, 2008
$7.8732	$7.6370	June 30, 2008	July 15, 2008
$7.8369	$7.6018	July 31, 2008	August 15, 2008
$7.2498	$7.0323	August 30, 2008	Sept. 15, 2008
$5.5003	$5.3353	Sept. 30, 2008	Oct. 15, 2008
$3.9386	$3.8204	Oct. 31, 2008	Nov. 17, 2008
$3.9188	$3.8012	Nov. 30, 2008	Dec. 15, 2008
$6.1094	$5.9261	Dec. 31, 2008	January 15, 2009

2006 and 2007 Distribution Reinvestment Price Applicable to REIT and Exchangeable LP Units
Average REIT Unit DRIP Price (C$)	Bonus Unit DRIP Price (3% discount)	Record Date	Payment Date
$14.9865	$14.5369	Dec. 29, 2006	January 15, 2007
$17.4463	$16.9229	January 31, 2007	Feb. 15, 2007
$16.9262	$16.4184	Feb. 28, 2007	March 15, 2007
$16.4252	$15.9324	March 30, 2007	April 16, 2007
$17.3371	$16.8170	April 30, 2007	May 15, 2007
$16.4469	$15.9535	May 31, 2007	June 15, 2007
$16.1381	$15.6540	June 29, 2007	July 16, 2007
$14.7712	$14.3281	July 31, 2007	August 15, 2007
$14.9776	$14.5283	August 31, 2007	Sept. 17, 2007
$14.9899	$14.5402	Sept. 28, 2007	Oct. 15, 2007
$12.5202	$12.1446	Oct. 31, 2007	Nov. 15, 2007
$12.1461	$11.7817	Nov. 30, 2007	Dec. 17, 2007
$11.5923	$11.2445	Dec. 31, 2007	January 15, 2008