MPC.C Madison Pacific Properties Inc

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.

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)