MPC Madison Pacific Properties Inc

The following corrects and replaces a release issued on behalf of Madison
Pacific Properties Inc. on August 10, 2010. The dividend payable date and the
shareholders record date in the last paragraph of the release were incorrect.
The corrected updated release now follows.


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, 2010 to shareholders of record August 17, 2010.

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