News Release
SEAMARK Asset Management Ltd. To Trade On Toronto Stock Exchange
SEAMARK Asset Management Ltd. - The common shares of Matrix Asset Management Inc. ("Matrix") will be posted for trading in the Industrial Category under the trading information set out below at the opening of business on Friday, January 15, 2010 in substitution for the currently listed common shares (Symbol: SM) of SEAMARK Asset Management Ltd. ("SEAMARK"), which will be delisted at that time.
Stock Symbol: "MTA"
CUSIP: 57682B 10 0
Trading Currency: CDN $
Designated Market Maker: Canaccord Financial Ltd.
Other Markets: None
These actions are in anticipation of the following transactions becoming effective prior to the opening of business on Friday, January 15, 2010: (i) a plan of arrangement under Section 192 of the Canada Business Corporations Act (the "CBCA") whereby all of the outstanding common shares, share purchase options and deferred stock options of deferred stock units of SEAMARK will be exchanged for common shares, share purchase options and deferred stock units of Matrix having substantially the same terms, on a one-for-one basis; and (ii) a business combination effecting the issuance of 32,414,161 common shares of Matrix to holders of the common shares of Growth Works Ltd.
It is understood Letters of Transmittal were mailed to SEAMARK common shareholders on or about December 14, 2009 requesting them to return the completed and executed Letters of Transmittal and forward them together with the certificate(s) representing their SEAMARK common shares to CIBC Mellon Trust Company in Toronto in order to receive a certificate representing the number of common shares of Matrix to which they are entitled.
The Company is subject to the reporting requirements of Section 501 of the TSX Company Manual.
Description of Matrix
An application has been granted for the original listing of 47,540,859 common shares, of which 43,218,963 common shares are issued and outstanding and 4,321,896 common shares are reserved for issuance.
Head Office Address: 1801 Hollis Street
Suite 310
Halifax, Nova Scotia B3J 3N4
Head Office Telephone Number: (877) 605-3205
Fax Number: (902) 423-1518
Investors Relations: Alex Irwin
Tel: (604) 895-7299
E-mail: info@matrixasset.ca
Incorporation: Matrix was incorporated on October 30, 2009 as "Matrix Asset Management Ltd." pursuant to the provisions of the CBCA. Matrix' articles of incorporation were amended effective November 23, 2009 to change its name to "Matrix Asset Management Inc.". At the same time, the authorized capital of Matrix was amended to be an unlimited number of common shares and an unlimited number of preferred shares, issuable in series.
Fiscal Year End: December 31
Chief Financial Officer: Clint Matthews
Corporate Secretary: Jill S. McKim
Nature of Business: Matrix will form a mid-sized, diversified asset management company.
Transfer Agent & Registrar: CIBC Mellon Trust Company at its principal office in Toronto.
Dividends: It is anticipated that Matrix will adopt a cash management policy with the objective of having Matrix pay regular quarterly dividends commencing some time in 2010. Please refer to Management Information Circular of SEAMARK dated December 10, 2009 filed on SEDAR for additional information on the cash management policy of Matrix.



