CIBC World Markets acting as Financial Advisor for IPG

Business Wire, Dec 16, 1999

CALGARY, ALBERTA--(BUSINESS WIRE)--Dec. 15, 1999--

International Properties Group Ltd. (TSE:IPX.)(IPG) has retained CIBC World Markets as financial advisor in connection with its previously announced e-commerce initiative. CIBC World Markets is a full-service corporate and investment bank throughout North America with a presence in key financial markets in Asia and Europe and serves more than 7,000 corporate, government and institutional clients. CIBC is a leading North American financial institution with over $250 billion in assets.

YEAR-END FINANCIAL TELECONFERENCE CALL FRIDAY, DECEMBER 17, 1999:

Phil Carroll, CEO, will discuss IPG's 1999 year-end financial results by teleconference on Friday, December 17, 1999 at 11:00 a.m. EDT. You are invited to participate in this call by dialing 1-800-997-6212 and entering the password 446020 followed by the pound sign (#). To reserve your connection, please RSVP Mike Skrypnek by phone, (403) 270-1206, or email at ipxinfo@ipg.ca.

IPG is revolutionizing the way North Americans create wealth through investment real estate with their Virtual Apartment Building(TM) concept that allows clients to create geographically-diverse portfolios of well-selected, high-grade investment properties in high growth and emerging markets. IPG owns or asset manages 54 properties with 7,697 condominium suites. Corporate offices are located in Calgary with sales offices in Vancouver, Edmonton, Toronto, Ottawa and Scottsdale, Ariz. The corporation is listed on the Toronto Stock Exchange under the trading symbol "IPX."

To receive information on IPG by email, please forward you Internet address to Mike Skrypnek, Manager of Investor Relations at ipxinfo@ipg.ca, or fax your request by completing the following information and send to (403) 283-6287.

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