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Press release from Marketwire

Amica Mature Lifestyles Announces Exercise of Over-Allotment Option

Wednesday, May 30, 2012

Amica Mature Lifestyles Announces Exercise of Over-Allotment Option09:07 EDT Wednesday, May 30, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 30, 2012) -NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATESAmica Mature Lifestyles Inc. (TSX:ACC) ("Amica" or the "Company") announced today that further to the financing which closed on May 15, 2012, the Underwriters (as defined below) have purchased an additional 382,300 common shares at a price of $9.00 per common share pursuant to the partial exercise of the over-allotment option. The gross proceeds to Amica from the exercise of the over-allotment option are approximately $3.4 million. The aggregate gross proceeds from the financing, including the exercise of the over-allotment option, are approximately $28.2 million. The syndicate of underwriters was led by Canaccord Genuity Corp. and included National Bank Financial Inc., CIBC World Markets Inc., GMP Securities L.P., BMO Nesbitt Burns Inc., Raymond James Ltd. and TD Securities Inc. (collectively, the "Underwriters"). This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States unless registered or an applicable exemption from the registration requirements is available.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 housing and services for mature lifestyles. There are 25 Amica Wellness & Vitality™ Residences, including a recent acquisition that the Company is transitioning to rebrand, one under development and one 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. FOR FURTHER INFORMATION PLEASE CONTACT: Mr. Art AyresAmica Mature Lifestyles Inc.Chief Financial Officer(604) 630-3473a.ayres@amica.caORMs. Alyssa BarryAmica Mature Lifestyles Inc.Manager, Investor Communications(604) 639-2171a.barry@amica.cawww.amica.ca