Greenlight to Hold MI Developments Shareholder Call Today NEW YORK, April 20 /PRNewswire-FirstCall/ -- As previously announced, Greenlight Capital, Inc. will hold a conference call today at 2:00pm EDT to discuss its proposals regarding MI Developments Inc. (TSX: MIM.SV.A, MIM.MV.B; NYSE: MIM) sale or spin off of its investment in Magna Entertainment Corp. and the conversion of MID into an income-oriented real estate vehicle. Dial-in and replay details are below. Information on the Greenlight Conference Call: When: Wednesday, April 20 at 2:00pm EDT Dial-in: 888-802-8577 (U.S. & Canada) 973-935-2981 (International) Webcast: http://calleci.econfcall.net/pub_cs_activelist.jsp Replay of the conference call will be available through May 4, 2005 and can be accessed by dialing 877-519-4471 (U.S. & Canada), 973-341-3080 (International), with the PIN number 5963749 or by visiting the Web site http://calleci.econfcall.net/pub_cs_activelist.jsp . DATASOURCE: Greenlight Capital, Inc. CONTACT: Investor - Thomas Long or Richard Grubaugh of D.F. King & Co., Inc., 1-888-644-6071; Media - Ed Rowley or Patrick Linehan of The Abernathy MacGregor Group, +1-212-371-5999, all for Greenlight Capital, Inc.

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