Keystone North America Inc. announces May Dividend

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    /NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE
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Keystone North America Inc. ("KNA") today announced that a cash dividend of C$0.07 per common share (TSX: KNA) has been declared and will be payable on June 15, 2009 to holders of record at the close of business on May 29, 2009. KNA designates the dividend paid on its common shares (including the dividend paid on the common shares represented by KNA's income participating securities ("IPS")) to be an "eligible dividend" pursuant to subsection 89(14) of the Income Tax Act (Canada) and its equivalent in any provinces of Canada.

IPS (TSX: KNA.UN) holders of record at the close of business on May 29, 2009, will be entitled to a payment of C$0.380735 per IPS on June 15, 2009, for the period beginning May 1, 2009 and ending May 31, 2009, reflecting: (i) payment of the cash dividend for May of C$0.07 per common share included in the IPS (as noted in the paragraph above); and (ii) payment of interest for May of C$0.310735 per C$25.716 aggregate principal amount of 14.5% subordinated notes of KNA included in the IPS.

KNA's policy for payment of a declared monthly dividend is to pay the dividend to holders of common shares of record on the last business day of the calendar month for which the dividend is declared, on the fifteenth day (or the next business day if such day is not a business day) of the next calendar month.

About Keystone North America Inc.

KNA, through its subsidiaries, is a leading funeral service provider in North America, operating 200 funeral homes and 15 cemeteries across the United States and the province of Ontario, making it, in management's estimate, the fifth largest funeral home operator in North America.

Note on Forward-Looking Statements

This press release may contain "forward-looking statements" that reflect the current expectations of management regarding our future growth, results of operations, performance and business prospects and opportunities. Forward-looking statements are only predictions and are not guarantees of performance. Wherever possible, words such as "may", "would", "could", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "aim", "endeavor" and similar expressions have been used to identify these forward-looking statements. These statements reflect management's beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, without limitation, those listed in the "Risk Factors" section of KNA's Annual Information Form for the year ended December 31, 2008. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this press release. These factors should be considered carefully and prospective investors should not place undue reliance on the forward-looking statements. Although the forward-looking statements that may be contained in this press release are based upon what management currently believes to be reasonable assumptions, we cannot assure prospective investors that actual results, performance or achievements will be consistent with these forward-looking statements.

%SEDAR: 00021578E

SOURCE: Keystone North America Inc.

please contact Steven Tidwell, Chief Executive Officer, (813) 225-4653 or
stidwell@keystonegroup.com; Stephen Shaffer, Executive Vice President and Chief
Financial Officer, (813) 225-4654 or sshaffer@keystonegroup.com or visit our investor
website at www.keystonenorthamerica.ca

Related terms: business, canada, dividend, north america, note, ontario, policy, securities, tax, united states