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NEWS RELEASE PARK LAWN CORPORATION May 13 , 2021 2 St. Clair Avenue West , Suite 1300 , Toronto , Ontario M4P 2C9 Tel : ( 416 ) 231-1462 Fax : ( 416 ) 233-8155 Park Lawn Corporation Releases Strong Q1 2021 Results TORONTO , ONTARIO ( May 13 , 2021 ) - Today , Park Lawn Corporation ( TSX : PLC ) ( " PLC " or the " Company " ) announced its results for the first quarter ( “ Q1 ” ) ended March 31 , 2021. PLC continued its solid performance into Q1 2021 , which included significant growth in revenue , net earnings , Adjusted Net Earnings , Adjusted EBITDA , and Adjusted EBITDA margin : For the three - month period ended March 31 , 2021 March 31 , 2020 % Increase Net Revenue $ 89,577,299 $ 71,263,937 26 % Net Earnings ( 1 ) $ 9,754,291 $ 734,057 1229 % Adjusted Net Earnings ( 1 ) $ 12,045,018 $ 7,569,603 59 % Adjusted EBITDA ( 1 ) $ 24,244,111 $ 17,090,087 42 % Adjusted EBITDA Margin 27.2 % 24.2 % 3 % ( 1 ) Attributable to PLC Shareholders J. Bradley Green , Chief Executive Officer of PLC , stated : “ Similar to the fourth quarter of 2020 , we experienced continued operational excellence from our PLC team in the first quarter of 2021. As compared to Q1 2020 , net revenue from comparable operations grew approximately 21 % and Adjusted EBITDA margin increased 300 basis points to 27.2 % , further demonstrating our commitment to improving upon our existing operations and integrating our recent acquisitions . While our frontline teams remain focused on serving our families and their respective communities during this difficult time , during the quarter , we began to observe a normalization in the death rate and believe that the effects of COVID - 19 are lessening in most of the markets we serve . Keeping that in mind , as our communities begin the journey back towards reopening , we are also seeing an increase in the number of families who are engaging in pre - planning activities in both our funeral homes and cemeteries . Likewise , we are also experiencing an increase in the average revenue per call as regulatory guidelines are being relaxed . We believe that this trend will continue as we progress through the 2021 calendar year . Again , I would like to thank the entire PLC team for their steadfast commitment and dedication in providing our client families with the opportunity to honor and celebrate the