SEAMARK Asset Management Ltd. Announces Toronto Stock Exchange Conditional
Approval of the Listing of the Matrix Asset Management Inc. Common Shares

HALIFAX, Dec. 22 /CNW/ - At the time SEAMARK Asset Management Ltd. ("SEAMARK") issued its Management Information Circular ("Circular") in relation to its upcoming Special Meeting of Shareholders on January 8, 2010, the Toronto Stock Exchange ("TSX") had not yet provided conditional approval for listing Matrix Asset Management Inc. ("Matrix") common shares on the TSX. By letter dated December 18, 2009, the TSX advised SEAMARK that the TSX has conditionally approved the listing of the Matrix shares subject to meeting the requirements of the TSX on or before March 18, 2010. As noted in the Circular, the closing of the business combination and listing of the Matrix shares is expected to occur by mid-January 2010, subject to satisfaction of all closing and listing conditions.

SEAMARK (TSX:SM) provides investment management services across Canada to institutional clients, mutual funds, private clients, and the managed portfolio advisory programs (wrap programs) of many of Canada's leading investment dealers.

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SOURCE SEAMARK ASSET MANAGEMENT LTD.

For further information: For further information: Jill McKim, Corporate Secretary, SEAMARK Asset Management Ltd., (902) 423-9367

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SEAMARK ASSET MANAGEMENT LTD.

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