Mr. Bradley Green reports

PARK LAWN DEEPENS ITS GEORGIA PRESENCE

Park Lawn Corp. has completed the acquisition of substantially all the assets of Cobb Funeral Chapel and Cobb Suncrest Memorial Gardens, a business consisting of one on-site funeral home and cemetery located in Moultrie, Ga.

"Park Lawn has further expanded its strategic growth in the southeast United States through the addition of Cobb. The Cobb business has an exemplary reputation and has been a staple of its community for nearly fifty years. We are excited to welcome the Cobb team to the Park Lawn family," said J. Bradley Green, Chief Executive Officer of PLC.

"Since 1974, we have proudly served Colquitt County, Georgia and its surrounding communities. The culture and values of Cobb closely align with those of Park Lawn and we are excited that our partnership allows us to continue our legacy of providing best-in-class service to our families," said Ellen Cobb-Robinson, a former owner of Cobb.

Highlights of the transaction include:

• The addition of one (1) on-site funeral home and cemetery.
• The transaction represents 280 calls and 50 interments per year and is expected to be financed with funds from PLC's credit facility and available cash on hand.
• The Cobb acquisition is expected to add approximately US$676,710 in Adjusted EBITDA annually.1
• For the 12 months ended December 31, 2022, PLC had Adjusted EBITDA of US$74,948,868 and net earnings of US$25,124,765.
• The agreed upon purchase price multiple for the transaction is within PLC's publicly-stated targeted Adjusted EBITDA multiple range for its historical transactions.

1Adjusted EBITDA is a non-IFRS financial measure. Refer to the Non-IFRS Financial Measures section of this news release for more information on this non-IFRS financial measure.

About Park Lawn Corporation:

PLC provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC and its subsidiaries own and operate businesses including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service. PLC operates in three Canadian provinces and nineteen U.S. states.

We seek Safe Harbor.