WCM.B Wilmington Capital Management

Wilmington Capital Management Inc. ("Wilmington") (TSX: WCM)(TSX: WCM.A)(TSX: WCM.B) announced today that it has completed the acquisition (the "Acquisition") of a 45.45% indirect interest in a portfolio of 12 self-storage facilities in Southwestern Ontario (the "Property Portfolio"). Wilmington announced in a press release on July 9, 2010 that it had entered into an acquisition agreement with respect to the Acquisition.

The aggregate cost of the Property Portfolio, including closing costs, amounted to approximately $20,700,000 and was funded with proceeds from a term facility (the "Term Facility") and equity of approximately $8,000,000. An additional $3,000,000 of equity was raised for working capital to fund short term requirements and other investment opportunities. Wilmington's share of the cash consideration to complete this initiative was $5,000,000. The Term Facility is secured by the Property Portfolio and a several guarantee by Wilmington equal to 22.725% of the Term Facility.

As previously announced, Wilmington believes the Acquisition is a major step in meeting its principal objective of acquiring and holding assets that are capable of providing stable cash flows and value creation over the longer term. Wilmington also believes that there will be further opportunities to invest in additional properties in the Canadian self-storage industry that meet its objectives.

As an initial matter, Wilmington funded its component of the purchase price for the Property Portfolio by drawing on its operating line of credit.

Additional information relating to the Acquisition including with respect to the Term Facility and the Manager, was included in the press release issued by Wilmington on July 9, 2010.

Forward Looking Statements

This press release contains forward looking statements. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties.

The forward looking statements contained in this press release are made as of the date hereof and Wilmington undertakes no obligations to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Reference should also be made to the most recent annual information form for a description of the major risk factors.

Contacts: Wilmington Capital Management Inc. Joseph F. Killi President and CEO (416) 867-9370