PRL Park Lawn Company Limited

Park Lawn Income Trust ("Park Lawn") (TSX VENTURE:PLC.UN) and Park Lawn Company
Limited ("PLCL") (CNSX:PRL) previously announced that they had entered into an
agreement (the "Agreement") among Park Lawn, PLCL, LMS Medical Systems Inc.
("LMS") and its wholly-owned subsidiary, 2980622 Canada Inc. (formerly, LMS
Medical Systems (Canada) Ltd.) ("Subco") pursuant to which such parties intended
to, among other things, undertake a series of transactions (collectively, the
"Transaction") as part of a plan of arrangement (the "Arrangement") under
section 182(1) of the Business Corporations Act (Ontario) designed to result in
(1) Park Lawn converting from an income trust to a corporation (the
"Conversion"), and (2) PLCL indirectly owning all of the assets of Park Lawn and
all of the issued and outstanding securities of Subco.


Termination of Agreement

It has been determined that certain proposed amendments to the Income Tax Act
(Canada) relating to the taxation and conversion of income trusts announced in
the Federal Budget released March 4, 2010 may frustrate certain material
commercial objectives of the Agreement and that it would not be prudent nor in
the best interests of Park Lawn or PLCL to proceed with the transactions
contemplated by the Agreement. Park Lawn and PLCL have accordingly terminated
the Agreement.


Conversion of Park Lawn and Business Combination among Park Lawn and PLCL to Proceed

Park Lawn intends to maximize the time during which the tax advantages of its
current status can be enjoyed. Park Lawn accordingly intends to defer its
conversion from an income trust to a corporation until on or about December 31,
2010. Park Lawn and PLCL have each confirmed their intention to participate in a
transaction related to Park Lawn's ultimate conversion pursuant to which the
businesses of Park Lawn and PLCL will be combined and various operating
efficiencies will be achieved.


About Park Lawn

Park Lawn is a trust established to indirectly hold six cemeteries in the
Greater Toronto Area and an interest in Bloorpark Developments Inc. Its units
are listed on the TSX Venture Exchange.


About PLCL

PLCL owns a 2.9 acre parcel of land located at 57 Linelle Street and the house
and land located at 53 Linelle Street, Toronto. PLCL also holds a promissory
note from Park Lawn Limited Partnership. PLCL's common shares are listed on the
Canadian National Stock Exchange.

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