FirstService declares dividend on preferred shares

    TORONTO, Dec. 4 /CNW/ - FirstService Corporation (TSX: FSV and 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 30, 2007 to but excluding December 31, 2007.
The dividend is payable on December 31, 2007 to holders of Preferred Shares of
record at the close of business on December 18, 2007.
    FirstService intends to make quarterly cash dividend payments in the
amount of US$0.4375 per Preferred Share to holders of record on or about the
15th day of the last month in each calendar quarter, with the dividends for
each quarter being paid on or about the last day of each calendar quarter.


    FirstService is a leader in the rapidly growing property services sector,
providing services in the following four areas: commercial real estate;
residential property management; integrated security and property improvement
services. Industry-leading service platforms include: Colliers International,
the third largest global player in commercial real estate; FirstManagement
Partners, the largest manager of residential properties in North America;
FirstService Security, the fifth largest integrated security company in North
America; and The Franchise Company, the second largest property improvement
services organization in North America.
    FirstService is a diversified property services company with more than
US $1.7 billion in annualized revenues and more than 16,000 employees
worldwide. More information about FirstService is available at

    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; 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.

For further information:

For further information: Jay S. Hennick, Founder & CEO, (416) 960-9500;
John B. Friedrichsen, Senior Vice President & CFO, (416) 960-9500

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