FirstService Shareholders Overwhelmingly Approve Plan to Separate Into Two Independent Public Companies

FirstService Corporation

("FirstService") today announced that the previously announced spin-off transaction, to be implemented through a tax efficient statutory plan of arrangement (the "Arrangement"), has received the requisite shareholder approval at FirstService's annual and special meeting of shareholders held on April 21, 2015 (the "Meeting"). The Arrangement was approved by 99.60% of the Subordinate Voting Shares of FirstService voted at the Meeting and 100% of the Multiple Voting Shares of FirstService voted at the Meeting. As required under Canadian securities laws, the Arrangement was also approved by 99.56% of the Subordinate Voting Shares of FirstService voted at the Meeting, excluding shares held by "interested parties" and "control persons" of FirstService. Completion of the Arrangement remains subject to certain conditions, including final court approval. If the final court order is granted and all other conditions precedent to the Arrangement are satisfied or waived, FirstService expects to complete the Arrangement on June 1, 2015. At the Meeting, the nine director nominees listed in FirstService's management information circular dated March 16, 2015 (the "Circular") were elected as directors. Directors have been elected to serve until the close of the next annual meeting of shareholders. The