Mr. Daniel Millett reports

PARK LAWN CORPORATION RESPONDS TO MARKET RUMOURS REGARDING A POTENTIAL ACQUISITION OF CARRIAGE SERVICES, INC.

Park Lawn Corp. has confirmed, in response to industry media rumours, that it has submitted a preliminary all-cash proposal to the board of directors of Carriage Services Inc. to purchase all of the outstanding stock of Carriage. The proposal was made confidentially and subject to the completion of satisfactory due diligence and the negotiation and execution of a mutually satisfactory definitive acquisition agreement.

The company takes a disciplined approach to acquisitions with clearly defined strategic and financial criteria, and is committed to maintaining a prudent capital structure. Park Lawn has partnered with a large private-equity firm and does not anticipate that it would require any public-equity financing in order to complete such a transaction and that any such transaction would be accretive to Park Lawn's earnings on a fully diluted basis.

There can be no assurance that Park Lawn's proposal will result in a definitive agreement, or that the proposed transaction or any other transaction will be approved or consummated. Park Lawn does not intend on commenting on the proposal or further developments regarding the proposal unless it deems further disclosure is appropriate or required.

About Park Lawn Corp.

Park Lawn provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold on a preplanned basis or at the time of a death. Park Lawn and its subsidiaries own and operate businesses including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service. Park Lawn operates in three Canadian provinces and 19 U.S. states.

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