MIM Granite Real Estate, Inc.

AURORA, ON, March 1, 2012 /CNW/ - MI Developments Inc. ("MID") expects to announce its financial results for the fourth quarter and year ended December 31, 2011 after the close of markets on Friday, March 9, 2012. MID will hold a conference call on Monday, March 12, 2012 at 8:30 a.m. Eastern time.  The number to use for this call is 1-800-269-0310. Overseas callers should use +1-416-641-6697.  Please call in at least 10 minutes prior to start time. The conference call will be chaired by Tom Heslip, Chief Executive Officer. For anyone unable to listen to the scheduled call, the rebroadcast numbers will be:  North America — 1-800-558-5253 and Overseas — +1-416-626-4100 (enter reservation number 21581353) and will be available until Monday, March 19, 2012. About MID: MID is a Canadian-based real estate company engaged primarily in the acquisition, development, construction, leasing, management and ownership of a predominantly industrial rental portfolio leased primarily to the automotive operating subsidiaries of Magna International Inc. in North America and Europe. For further information about MID, please visit www.midevelopments.com.  At www.sedar.com and www.sec.gov you can also find MID's filings. MI Developments Inc. CONTACT: Tom Heslip, Chief Executive Officer, at 905-726-7639

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