Letter to

77 King St. W., Suite 4010

P.O. Box 159

Toronto-Dominion Centre Toronto, ON, M5K 1H1 Canada

GRANITE ANNOUNCES ELECTION OF TRUSTEES AND DIRECTORS June 16, 2016, Toronto, Ontario, Canada - Granite Real Estate Investment Trust ("Granite REIT") (TSX: GRT.UN; NYSE: GRP.U) - Granite REIT and Granite REIT Inc. ("Granite GP") held their joint annual general meetings of stapled unitholders today, and each of the individuals below was elected as a trustee of Granite REIT and a director of Granite GP.

The vote was conducted by a show of hands. Proxies received by management in advance of the meetings indicated the following:

As Trustee of Granite REIT

As Director of Granite GP

Nominee

Votes For

%

Votes Withheld

%

Votes For

%

Votes Withheld

%

Michael Brody

34,100,890

90.90

3,412,068

9.10

34,156,576

91.05

3,356,382

8.95

Brydon Cruise

34,509,602

91.99

3,003,356

8.01

34,510,378

92.00

3,002,580

8.00

Peter Dey

36,685,035

97.79

827,923

2.21

36,740,569

97.94

772,389

2.06

Michael Forsayeth

27,860,321

74.27

9,652,637

25.73

27,794,666

74.09

9,718,292

25.91

Barry Gilbertson

34,070,580

90.82

3,442,378

9.18

34,072,437

90.83

3,440,521

9.17

Gerald Miller

34,478,226

91.91

3,034,732

8.09

34,479,528

91.91

3,033,430

8.09

G. Wesley Voorheis

34,124,855

90.97

3,388,103

9.03

34,180,567

91.12

3,332,391

8.88

Votes For

%

Votes Withheld

%

The re-appointment of Deloitte LLP, as Auditors of Granite REIT

37,864,402

99.92

29,755

0.08

The re-appointment of Deloitte LLP, as Auditors of Granite GP

37,863,677

99.92

30,479

0.08

A total of 37,897,056 stapled units (80.51% of outstanding stapled units) were represented in person or by proxy at the meetings.

Granite is a Canadian-based REIT engaged in the ownership and management of predominantly industrial, warehouse and logistics properties in North America and Europe. Granite owns approximately 30 million square feet in 94 rental income properties. Our tenant base currently includes Magna International Inc. and its operating subsidiaries as our largest tenants, together with tenants from other industries.

OTHER INFORMATION

Copies of financial data and other publicly filed documents are available through the internet on Canadian Securities Administrators' Systems for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com and on the United States Securities and Exchange Commission's Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at www.granitereit.com or contact Michael Forsayeth, Chief Executive Officer, at 647-925-7600.

granitereit.com

Granite Real Estate Investment Trust published this content on 16 June 2016 and is solely responsible for the information contained herein.
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