Madison Pacific Properties Inc. (TSX:MPC)(TSX:MPC.C), a Vancouver-based real
estate company, announces the results of operations for the six months ended
June 30, 2010.


The Company is reporting net income from continuing operations of $3,558,000 for
the six months ended June 30, 2010 compared to $3,350,000 for the same period in
2009. Cash flow from continuing operations before changes in non-cash working
capital for the six months ended June 30, 2010 is $3,198,000 compared to
$2,606,000 for the same period in 2009. Earnings per share from continuing
operations were $0.06 per share for the six months ended June 30, 2010 and June
30, 2009.


The Company sold a parking lot in close proximity to an existing property in the
first six months of 2010. The gain on the disposition, before tax, was
$1,531,000. The Company has acquired two new properties in 2010 for $29.7
million. One property was acquired in the 1st quarter and the other in the 3rd
quarter.


The net income for the six months was $3,558,000 compared to $5,725,000 for the
six months ended June 30, 2009 when the Company reported net income from
discontinued operations from the sale of buildings of $2,375,000. Earnings per
share were $.06 per share compared to $.10 for the six months ended June 30,
2009.


For a review of the risks and uncertainties to which the Company is subject, see
the 2009 annual MD&A.


The Company is pleased to announce 5.25 cents per share dividend will be payable
September 1, 2009 to shareholders of record August 17, 2008.
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