Amica Mature Lifestyles : Announces Termination of Agreement for Sale and Redevelopment of Arbutus Manor

(TSX Symbol: ACC) – Amica Mature Lifestyles Inc. (“Amica” or the “Company”) announced today that further to its news release of April 14, 2014 in respect of the conditional agreement (the “Agreement”) for the sale and redevelopment of Amica at Arbutus Manor and the Arbutus Manor lands that the Agreement has been terminated.

“The termination of the Agreement coincides with the prospective purchaser having tabled revised purchase terms that were not satisfactory to Amica,” said Samir Manji, Chairman and Chief Executive Officer of Amica. “With the termination of this transaction, we retain our interest in a premiere community situated within a high-barrier to entry market with the option to pursue strategic alternatives at a later date.”

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.

For further information, please contact:

Art Ayres Chief Financial Officer Amica Mature Lifestyles Inc. [phone] [e-mail]

Troy Shultz Manager, Investor Communications Amica Mature Lifestyles Inc. [phone] [e-mail]