Proceedings

Notice from the
Office of the Secretary
Ontario

Ontario Securities
Commission


20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l'Ontario
FOR IMMEDIATE RELEASE

August 11, 2009


IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED (the “Act”)

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MI DEVELOPMENTS INC. (“MID”)


TORONTO - On August 11, 2009, the Commission issued a Notice of Hearing pursuant to subsection 104(1) and section 127 of the Securities Act to consider the Application of Greenlight Capital, Inc. (the “Greenlight Application”) and the Application of Farallon Capital Management, L.L.C., Hotchkis and Wiley Capital Management, LLC, Donald Smith & Co. Inc., Owl Creek Asset Management, L.P., North Run Capital, LP and Pzena Investment Management, LLC on behalf of themselves and funds and entities under their management (the “Farallon Application”).

The hearing will be held at the Commission’s offices at 20 Queen Street West, 17th Floor Hearing Room A, Toronto, Ontario commencing on Wednesday, September 9, 2009 at 9:00 a.m.

A copy of the Notice of Hearing, the Greenlight Application and the Farallon Application are available at www.osc.gov.on.ca.

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY


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