TSX ABO.A and ABO.B

TORONTO, Nov. 22, 2012 /CNW/ – Arbor Memorial Services Inc. (TSX: ABO.A,
ABO.B) (“Arbor“) announced today that it has obtained a final order from the Ontario
Superior Court of Justice with respect to the previously announced
arrangement pursuant to which 2341599 Ontario Limited, a company
sponsored by a group (the “Equity Sponsors“) of existing shareholders of Arbor, comprised of Scanfield Holdings
Ltd., Fairfax Financial Holdings Limited and JC Clark Ltd. (or their
respective affiliates), will acquire all of the outstanding shares in
the capital of Arbor.

It is anticipated that the arrangement will occur early next week
following the satisfaction of certain customary conditions. The
arrangement remains subject to certain risk factors set forth in
Arbor’s management information circular dated October 5, 2012.

About Arbor

Arbor Memorial Services Inc. owns 41 cemeteries, 27 crematoria and 92
funeral homes in eight provinces of Canada.

Cautionary statement regarding forward looking statements and
information

This news release contains “forward-looking information” within the
meaning of applicable Canadian securities laws, including statements
regarding completion of the arrangement and other information that is
not historical fact. Such forward-looking information is subject to
important risks and uncertainties. As a result of these risks and
uncertainties, completion of the arrangement could be delayed or the
arrangement may not be completed at all, and the results or events
expressed or implied in any forward-looking information may differ
materially from actual results or events. Forward-looking information
is not a guarantee of future performance, given that it involves risks
and uncertainties. Except as required by law, Arbor does not assume and
expressly renounces any obligation to update any forward-looking
information. Additionally, Arbor undertakes no obligation to comment on
expectations of, or statements made by, third parties in respect of the
arrangement.

SOURCE Arbor Memorial Services Inc.