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*Franchise Services of North America Inc. 
Listed Company 

FRANCHISE SERVICES OF NORTH AMERICA INC. ("FSN")
BULLETIN TYPE: Company Tier Reclassification, Remain Suspended
BULLETIN DATE: April 21, 2014
TSX Venture Tier 1 Company

In accordance with Policy 2.5, the Company has not maintained the requirements for a Tier 1 company. Therefore, effective Tuesday, April 22, 2014, the Company's Tier classification will change from Tier 1 to:

Classification

Tier 2

Further to the TSX Venture Exchange Bulletin dated April 1, 2014, trading in the Company's securities will remain suspended.

Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.
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