Mr. Scott Patterson reports

FIRSTSERVICE ANNOUNCES NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted a notice filed by FirstService Corp. of its intention to make a normal course issuer bid (NCIB) with respect to its outstanding common shares.

The notice provides that FirstService may, during the 12-month period commencing Aug. 26, 2023, and ending no later than Aug. 25, 2024, purchase through the facilities of the TSX, alternative Canadian Trading Systems and/or The Nasdaq Stock Market, up to 1.6 million common shares in total, being 4.1 per cent of the public float of common shares as of Aug. 11, 2023. The price which FirstService will pay for any common shares will be the market price at the time of acquisition. During the period of this NCIB, FirstService may make purchases under the NCIB by means of open market transactions. The actual number of common shares which may be purchased pursuant to the NCIB and the timing of any such purchases will be determined by senior management of FirstService. The average daily trading volume from Feb. 1 to July 31, 2023, was 69,529 common shares. Daily purchases under the NCIB will be limited to 17,382 common shares, other than block purchases. All shares purchased by FirstService under the NCIB will be cancelled.

As of Aug. 11, 2023, there were 44,615,127 common shares of FirstService outstanding and the public float was 39,397,104 common shares.

FirstService may purchase its common shares, from time to time, if it believes that the market price of its common shares is attractive and that the purchase would be an appropriate use of corporate finances and in the best interests of FirstService. FirstService may also purchase its common shares in order to mitigate the dilutive effect of stock options issued under its stock option plan.

Pursuant to a previous notice of intention to conduct a NCIB, under which FirstService sought and received approval from the TSX to purchase up to 1.6 million common shares for the period of Aug. 26, 2022, to Aug. 25, 2023, FirstService has not purchased for cancellation, as of Aug. 11, 2023, any common shares. FirstService's previous NCIB expires on Aug. 25, 2023.

About FirstService Corp.

FirstService is a North American leader in the essential outsourced property services sector, serving its customers through two industry-leading service platforms: FirstService Residential -- North America's largest manager of residential communities; and FirstService Brands -- one of North America's largest providers of essential property services delivered through individually branded franchise systems and company-owned operations.

We seek Safe Harbor.