Mr. Samir Manji reports

MANJIS HOLDINGS LTD. OWNERSHIP POSITION IN AMICA MATURE LIFESTYLES INC.

Manjis Holdings Ltd. (MHL), located at 10th Floor, 1111 Melville St., Vancouver, B.C., V6E 3V6, owns a total of 6,126,723 common shares of Amica Mature Lifestyles Inc., representing 19.89 per cent of the outstanding Amica common shares. The obligation to file this news release arises as a result of the restructuring of MHL and a consequential change in how MHL, Samir Manji, the chairman and chief executive officer of Amica, and Salim Manji, a director of Amica, report their beneficial ownership of, or control or direction over, Amica common shares (the occurrence). Samir Manji and Salim Manji are both directors and officers of MHL and together hold approximately 80 per cent of the outstanding shares of MHL. MHL beneficially owns, controls or directs Amica common shares for investment purposes only. MHL may in the future acquire or dispose of securities of Amica through the market, privately or otherwise, as circumstances or market conditions warrant. As a result of the occurrence, Samir Manji has reported a reduction of 2,450,689 Amica common shares beneficially owned, or controlled or directed, by him, resulting in him beneficially owning, or controlling or directing, 216,112 Amica common shares, representing approximately 0.7 per cent of the currently outstanding Amica common shares. As a result of the occurrence, Salim Manji has reported a reduction of 2,450,689 Amica common shares beneficially owned, or controlled or directed, by him, resulting in him beneficially owning, or controlling or directing, 311,336 Amica common shares, representing approximately 1.01 per cent of the currently outstanding Amica common shares. The occurrence did not occur through any market. No consideration was paid for Amica common shares in connection with the occurrence. For further information or to obtain a copy of the early warning report filed by MHL, please contact Samir Manji, director, at 604-608-6200.