Amica Mature Lifestyles Announces Retirement of Chief Operating Officer

(TSX Symbol:  ACC) – Amica Mature Lifestyles Inc. (“Amica” or the “Company”) announced today that Colin Halliwell, Amica’s Chief Operating Officer (“COO”) has decided to retire from the Company effective September 1, 2015. Mr. Halliwell will serve as Amica’s Chief Development Officer effective February 16, 2015. In this role Mr. Halliwell will focus on a number of strategic initiatives and special projects.

“On behalf of the entire Amica team and our Board of Directors (the “Board”), we thank Colin for his 15 years of continuous service to the Company and for his countless contributions to our business,” said Samir Manji, Amica’s CEO and Chairman of the Board. “We recognize that come September, he will be leaving behind a lengthy list of enduring imprints across our entire organization.”

The Company is not intending to replace the COO role directly, but will allocate Mr. Halliwell’s responsibilities amongst its senior management team.

“Colin’s decision to inform the Company in advance of his pending retirement affords us the opportunity to responsibly work through a succession plan while remaining focused on our current initiatives and ensuring that every Amica resident enjoys the consistent, high quality experience they have come to expect and deserve,” said Dave Minnett, Amica’s President.

“I am grateful to have spent 15 years as Amica’s Chief Operating Officer and feel privileged to have had the opportunity to work with hundreds of bright, passionate and devoted Amicans. Upon my retirement, I look forward to being CEO of Amica HELPING HANDS Community Program, the Company’s not-for-profit charity, which remains very near and dear to my heart,” said Mr. Halliwell.

ABOUT AMICA MATURE LIFESTYLES INC.

Amica Mature Lifestyles Inc., a Vancouver based public company, is a leader in the management, marketing, design, development and ownership of luxury seniors residences. There are 24 Amica Wellness & Vitality™ Residences in operation in Ontario, British Columbia and Alberta, Canada. Additionally, Amica has one residence under construction in Oakville, Ontario, one residence in pre-development in Calgary, Alberta and two existing operational residences in Ontario with expansions that are in pre-development. The common shares of Amica are traded on the Toronto Stock Exchange under the symbol “ACC”. For more information, visit www.amica.ca.

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