MPC Madison Pacific Properties Inc

NOTICE is hereby given that the Board of Directors of Madison Pacific Properties Inc. (TSX: MPC)(TSX: MPC.C) has declared a regular cash dividend of $0.0525 per share payable on February 24, 2011 to holders of Class B voting common shares and Class C non-voting shares of record at the close of business on February 9, 2011.

Contacts: Madison Pacific Properties Inc. Mr. Alan Firth President (604) 732-6540 Madison Pacific Properties Inc. Mr. Bill Ramsey Chief Financial Officer (604) 732-6540 (604) 732-6550 (FAX)