TORONTO, Sept. 18, 2012 /CNW/ – JC Clark Ltd. (“JCC”), has agreed in a
Voting and Support Agreement to vote in favour of the previously
announced, proposed plan of arrangement (the “Arrangement”) of Arbor
Memorial Services Inc. (“Arbor”) pursuant to which JCC will sell
520,299 Class A Voting Shares (“Class A Shares“) and 489,534 Class B Non-Voting Shares (“Class B Shares“) (collectively, the “Shares”) to 2341599 Ontario Limited (the
“Purchaser”) in exchange for 133,697 Class B Common Shares, 190,363
Preferred Shares of the Purchaser and $21.9 million in cash. The
Purchaser has agreed to acquire all of the outstanding Class A Shares
and Class B Shares of Arbor pursuant to the Arrangement.

The transaction is subject to customary conditions, including
shareholder, regulatory and court approvals (and in the case of
shareholder approval, the approval of the majority of the minority for
each class), finalization of transaction and financing documentation,
as well as the absence of a material adverse change in the business of
Arbor prior to closing.

JCC is ceasing to file reports under Part 4 of National Instrument
62-103 because it is acquiring shares in the Purchaser.

The Purchaser will be owned by Scanfield Holdings Limited, Fairfax
Financial Holdings Limited and JC Clark Ltd. Details are available in
Arbor’s press release announcing the Arrangement dated September 11,
2012, and at www.sedar.com.

SOURCE JC CLARK LTD.