Mr. Ian Kidson reports

ACASTA WELCOMES ERIK LEVY AS MANAGING PARTNER

Further to its May 15 news release, Acasta Enterprises Inc. has appointed Erik Levy as a managing partner. Mr. Levy will be joining Anthony Melman and Michael Liebrock as a founding partner of Acasta's private equity business and also to support new strategic initiatives and corporate development for the existing Acasta businesses.

"We are delighted to welcome Erik to Acasta," said Anthony Melman, chief executive officer. "He brings a wealth of successful private equity investing and value creation experience from over 11 years at CPPIB. His arrival will be of enormous value as we pursue several strategic and proprietary private equity investment initiatives across our businesses."

Mr. Levy was previously senior principal and founding member of the direct private equity business at the Canada Pension Plan Investment Board (CPPIB), where he led several significant investments. He was also a member of the CPPIB's investment partnerships and private debt investment committees.

Mr. Levy holds an MBA from the Rotman School of Management at the University of Toronto, and a BSc in actuarial mathematics from Concordia University. He was a director of Skype Technologies, Acelity (formerly known as Kinetic Concepts), Suddenlink Communications, Informatica Corp. and Altice USA. Prior to joining the CPPIB in November, 2005, Mr. Levy held various positions at Bain & Company in Toronto and Paris, and prior to that, he worked with Mercer.

Acasta's private equity business is being built around a growing team of professionals with considerable private equity, transactional M&A (mergers and acquisitions) and financing expertise. In addition to the team's continuing investment-sourcing efforts, Acasta's founders and board members also provide a wealth of business experience and connections which contribute to a continuing stream of proprietary investment opportunities.

About Acasta Enterprises Inc.

Acasta is a leading Canadian public company that acquires businesses with exceptional potential for value creation through strategic and transformational initiatives.

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