BPO Properties Ltd. Conference Call and Webcast of Year-End 2004 Results.

TORONTO -- Thursday, February 17, 2005 at 11 a.m. (E.T.)

Conference Call

You are invited to participate in BPO Properties Ltd.'s (TSX:BPP) live conference call announcing 2004 year end results on February 17, 2005 at 11:00 a.m. (E.T.). Year end financial results will be available on BPO Properties' Web site at www.bpoproperties.com in the Investor Relations section prior to the market open on February 17th.

Scheduled speakers are Robert Harding, Chairman; Tom Farley, President and Chief Executive Officer; and Craig Laurie, Chief Financial Officer.

Webcast

A link to the webcast will be available on the home page of BPO Properties' Web site at www.bpoproperties.com. The webcast will be archived 24 hours after the end of the conference call and can be accessed for 30 days.

Teleconference

You may also participate by dialing into the live conference toll free at 1-800-766-6630 or 416-695-5261. To ensure your participation, please call five minutes prior to the scheduled start of the call. The call will be archived through March 17, 2005 and can be accessed by dialing toll free at 1-800-293-6575 or 416-641-2135 with access code 2123.

BPO Properties Ltd. is a Canadian company that invests in real estate, focusing on the ownership and value enhancement of premier office properties. The current portfolio is comprised of interests in 16 commercial properties and development sites totaling 13.5 million square feet, including landmark properties such as the Exchange Tower, home of the Toronto Stock Exchange, and Bankers Hall in Calgary. BPO Properties' common shares trade on the TSX under the symbol BPP. Further information about the company can be found at www.bpoproperties.com.

BPO Properties Ltd. (TSX:BPP)