Mr. Scott Patterson reports

FIRSTSERVICE DECLARES 11% INCREASE TO QUARTERLY CASH DIVIDEND

FirstService Corp.'s board of directors has approved an 11-per-cent increase in the quarterly cash dividend on the outstanding common shares of the company over the previous 22.5-U.S.-cent per common share and declared a quarterly dividend of 25 U.S. cents per common share. The dividend is payable on April 5, 2024, to holders of common shares of record at the close of business on March 29, 2024.

The company's dividend will be $1.00 (U.S.) on an annualized basis, up from 90 U.S. cents during the past year. This distribution continues the company's long-term record of compounded annual dividend growth exceeding 10 per cent. FirstService's proven growth-focused business model drives strong free cash flow, which also allows it to incrementally return capital to shareholders in the form of these dividends while maintaining financial flexibility and a conservative balance sheet.

The dividend on common shares is an eligible dividend for Canadian income tax purposes.

About FirstService Corp.

FirstService is a North American leader in the 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.

FirstService generates approximately $4.3-billion (U.S.) in annual revenues and has approximately 29,000 employees across North America. With significant insider ownership and an experienced management team, FirstService has a long-term record of creating value and superior returns for shareholders.

We seek Safe Harbor.