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BPO Properties Ltd. Posts 2002 Annual Report.


Business Editors

TORONTO, Ontario--(BUSINESS WIRE)--May 20, 2003

BPO BPO Business Process Outsourcing
BPO Benevolent & Protective Order (of Elks of the USA)
BPO Benzoyl Peroxide
BPO Business Process Optimization
BPO Broker Price Opinions
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 Properties Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
: BPP (Bits Per Pixel) See bit depth.

bpp - bits per pixel
) today announced that the 2002 Annual Report to Shareholders including financial statements and management's discussion and analysis Management's discussion and analysis (MD&A)

A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial
 for the fiscal year ended December 31, 2002 has been filed with SEDAR SEDAR System for Electronic Document Analysis and Retrieval
SEDAR Southeast Data, Assessment, and Review
 and is available at www.sedar.com. In addition, the BPO Properties Annual Report is posted on the company's Web site at www.bpoproperties.com.

Prior to May 28, 2003, BPO Properties' Annual Report will be mailed to BPO Properties' shareholders along with a Management Proxy Circular regarding the proposal by Brookfield Properties Corporation to privatize BPO Properties Ltd. The outcome of this proposed transaction will be determined by a vote of the shareholders of BPO Properties at its Annual and Special Meeting scheduled on June 18, 2003.

BPO Properties shareholders wishing to obtain a hard copy of the Annual Report and financials in advance of the mailing may contact the company directly at (416) 359-8593.

BPO Properties Ltd. is a Canadian real estate investment company focused on the ownership and value enhancement of premier office properties. The current property portfolio is comprised of interests in 19 commercial properties and development sites totaling 14 million square feet. The Company's objective is to realize superior financial returns for its shareholders by enhancing the value of its real estate assets and by making opportunistic investment in new assets. BPO Properties common shares trade on the TSX under the symbol BPP. Further information about the company can be found at www.bpoproperties.com.

Investor Relations Investor relations

The process by which the corporation communicates with its investors.
 and media inquiries should be directed to the Investor Relations Department at (416) 359-8593. Inquiries regarding financial results should be directed to Steven J. Douglas, Senior Vice President and Chief Financial Officer at (416) 369-2300.
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Publication:Business Wire
Geographic Code:1CANA
Date:May 20, 2003
Words:291
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