Mr. Andrew Clark reports

PARK LAWN CORPORATION EXPANDS FUNERAL HOME OPERATIONS IN ONTARIO

Park Lawn Corp. has purchased four funeral home operations in Ontario, as part of a series of acquisitions over the last 12 months as PLC continues to expand its portfolio of assets in Canada and the United States. The deal will add four funeral homes in Barrie, Simcoe county and the district of Muskoka.

"The purchase of these funeral homes will expand our presence in the Ontario market," stated Andrew Clark, chairman and chief executive officer of PLC. "Their proximity to our Mundell Funeral Home in Orillia and our crematoria in the GTA [Greater Toronto Area] makes these businesses a logical fit and we expect them to be immediately accretive to our bottom line."

Highlights of the transaction include:

• Reynolds Funeral Home Turner Chapel in Bracebridge and Cavill-Turner Funeral Home in Gravenhurst, owned by Bruce and Cathie Turner;
• Jennett Funeral and Cremation Centre Ltd. in Barrie and Innisfil Funeral Home Ltd. in Innisfil owned by Simon Slessor and Stuart Clark;
• Total purchase price of $6,753,000, paid for with cash raised from PLC's November, 2016, bought deal public offering;
• The purchase multiple is within PLC's publicly stated targeted earnings before interest, taxes, depreciation and amortization multiple range.

"We believe in working with strong and professional local management and staff. Our partnerships in these communities will further enhance the positive and caring experience provided to the families we serve," added Mr. Clark.

About PLC

Park Lawn provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold on a preplanned basis (preneed) or at the time of a death (at need). PLC and its subsidiaries own and operate 34 cemeteries in Ontario and Michigan, and 16 crematoria and 22 funeral homes, chapels and planning offices in Quebec, Ontario, Manitoba and Saskatchewan.

We seek Safe Harbor.