Park Lawn Corporation Announces Acquisition of Remaining Two Saber Properties and Expansion of Houston Cemetery

TORONTO, Oct. 3, 2017

As a result of the completion of the acquisition, approximately US$3 million of cash consideration was paid to the sellers of the properties. The aggregate purchase price for the 23 acquired properties (the "Acquisition"), including the Illinois assets, was approximately US$48.75 million in cash, subject to customary working capital adjustments, plus additional consideration of up to US$9.75 million in PLC common shares ("Common Shares"). The additional consideration will be issued over a period of three years if certain financial hurdles are met. Further details regarding the Acquisition are set out in the Company's news release of June 7, 2017.

PLC is also pleased to announce the purchase of approximately 15 acres of cemetery-zoned land immediately adjacent to its Forest Lawn Cemetery in Houston, Texas. The purchase price was US$1.98 million which will substantially increase the footprint of the Company's Houston property, and provide opportunity for future organic growth initiatives.

The transactions announced today were funded using the proceeds from the Company's bought deal offering of Common Shares, which closed on June 27, 2017

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 88 businesses including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service. PLC operates in Ontario, Quebec, Manitoba, Saskatchewan, British Columbia, Michigan, Kentucky, Texas & Illinois.

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