SEAMARK Asset Management Ltd. Announces Review of Services by Wrap Program Partners

    HALIFAX, April 2 /CNW/ - SEAMARK Asset Management Ltd. has been advised
that its largest wrap program partner intends to discontinue its use of
SEAMARK's investment services effective June 30, 2009. As part of the normal
course of business, this will result in a review of SEAMARK's services by
other wrap program partners. The potential financial impact is under review
and is expected to be disclosed during SEAMARK's upcoming first quarter
financial release scheduled for April 30, 2009.

    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.
    %SEDAR: 00016315E

For further information:

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

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