CERF Incorporated Announces 2015 Second Quarter Results - Seite 3

• Revenue in the Waste Management Segment decreased by 20% or $0.8 million compared to the same three month period in 2014. This revenue decrease primarily results from reduced volumes of special waste combined with lower facility management revenue. The decrease in industrial soils volume is consistent with the overall decrease in economic activity in Alberta during the quarter. The lower facility management revenue results from the net effect of losing a landfill management contract in late 2014 and gaining a new transfer station management contract in January 2015.

• The decline was partially offset by a $0.4 million increase in collections revenue, resulting from rate increases instituted in Q1 2015, an increase in waste hauling activities, and an increase in recoverable landfill charges.

Conference Call

CERF will host a conference call on August 31, 2015 at 8:00 a.m. MDT (10:00 a.m. EDT). To access the conference call by telephone dial toll-free 1-866-223-7781. Callers from the Toronto area should use [phone]. Please connect approximately 10 minutes prior to the beginning of the call.

The conference call will be available for replay two hours after the call ends at toll-free 1-800-408-3053. Callers from the Toronto area should use [phone]. Callers from the Toronto area should use [phone]. The replay passcode is: 2780331. It will remain available at the link above until September 10, 2015.

Full details of the Company's financial results, in the form of the condensed, consolidated interim financial statements and notes for the three and six months ended June 30, 2105 and Management's Discussion and Analysis of the results are available on SEDAR at www.sedar.com and on the Company's website at www.cerfcorp.com.

About CERF Incorporated

CERF is a Canadian public corporation with two primary divisions: industrials and energy services. The Industrials division is engaged in the rental of industrial and construction equipment and waste management. The energy services division is engaged in the rental of surface rentals, downhole equipment and accommodations to the Western Canadian Oil and Gas Industry. CERF has paid consecutive quarterly dividends since 2005 and trades on the TSX Venture Exchange under the symbol "CFL". CERF currently has 36,374,148 common shares issued and outstanding.