FirstService Declares Dividend on Preferred Shares

FirstService Declares Dividend on Preferred Shares

TORONTO, Dec. 6, 2012 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX:FSV)
(TSX:FSV.PR.U) (Nasdaq:FSRV) ("FirstService") announced today that its board
of directors has declared a dividend on the outstanding 7% Cumulative
Preference Shares, Series 1 (the "Preferred Shares") of FirstService of
US$0.4375 per Preferred Share for the period of September 28, 2012 to but
excluding December 31, 2012. The dividend is payable on December 31, 2012 to
holders of Preferred Shares of record at the close of business on December 19,
2012.

ABOUT FIRSTSERVICE

FirstService Corporation is a global leader in the rapidly growing real estate
services sector, providing a variety of services in commercial real estate,
residential property management and property services. As one of the largest
property managers in the world, FirstService manages more than 2.3 billion
square feet of residential and commercial properties through its three
industry-leading service platforms: Colliers International, one of the largest
global players in commercial real estate; FirstService Residential Management,
the largest manager of residential communities in North America; and Property
Services, one of North America's largest providers of property-related
services delivered through franchise and contractor networks..

FirstService generates over US$2.3 billion in annual revenues and has more
than 23,000 employees worldwide. More information about FirstService is
available at www.firstservice.com

Forward-looking Statements

Certain statements included in this release contain words such as "could",
"expects", "expectations", "may", "anticipates", "believes", "intends",
"estimates" and "plans" (and similar expressions) and constitute
"forward-looking statements" within the meaning of applicable securities law.
These statements are based on FirstService's current expectations, estimates,
forecasts and projections about the operating environment, economies and
markets in which FirstService and its subsidiaries operate. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which are difficult to predict and may cause the actual results,
performance or achievements of FirstService, or outcomes or results, to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors include,
among others, the following: general economic and business conditions which
will, among other things, impact demand for the FirstService's services,
service industry conditions and capacity and the cost of providing services;
the ability of FirstService to implement its business strategy, including
FirstService's ability to acquire suitable acquisition candidates on
acceptable terms and successfully integrate newly acquired businesses with its
existing businesses; changes in or the failure to comply with government
regulations (especially safety and environmental laws and regulations); and
other factors which are described in FirstService's filings with the U.S.
Securities and Exchange Commission and Canadian regulatory authorities. These
statements, although considered reasonable by FirstService at the date of this
press release, may prove to be inaccurate and consequently FirstService's
actual results could differ materially from its expectations as set out or
implied in this release. Unless otherwise required by applicable securities
laws, FirstService disclaims any intention or obligation to update or revise
any forward-looking statements.

CONTACT: Jay S. Hennick
         Founder & CEO
         (416) 960-9500
        
         John B. Friedrichsen
         Senior Vice President & CFO
         (416) 960-9500