John E. Peller Announces Acquisition of Class A Non-Voting Shares of Andrew Peller Limited

GRIMSBY, ONTARIO--(Marketwire - March 14, 2011) - Andrew Peller Limited (TSX:ADW.A)(TSX:ADW.B)

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On March 14, 2011, John E. Peller ("John Peller") acquired ownership of, and control and direction over, 81,194 Class A Non-Voting Shares (the "Class A Shares") of Andrew Peller Limited ("Peller Limited"), representing .0068% of the issued and outstanding Class A Shares (trading symbol "ADW.A" on the Toronto Stock Exchange ("TSX")), through the facilities of the TSX. As a result, John Peller now has ownership of, and control and direction over, 1,262,214 Class A Shares, representing 10.62% of the issued and outstanding Class A Shares. John Peller effected the acquisition of Class A Shares for investment purposes. John Peller may, from time to time, acquire ownership of, or control or direction over, additional securities of Peller Limited, or dispose of some or all of the existing or additional securities he holds or will hold.