BCC Benz Capital Corp

Savaria Corporation ("Savaria" or the "Corporation") (TSX:SIS), the second
largest company in the accessibility industry in North America, today announced
that it has commenced with the issuer bid for up to 4,000,000 common shares
(14.8% of the issued and outstanding common shares) at a price of C$0.90 per
share with a 35 day deposit period expiring on August 4, 2009 ("Issuer Bid').
Savaria currently has 27,061,014 common shares issued and outstanding.


Savaria previously announced its intention to proceed with the Issuer Bid in a
press release dated May 28, 2009.


As previously announced, Savaria is completing the Issuer Bid to provide a
liquidity opportunity for shareholders and because the board of directors and
management believe that the common shares have been trading in price ranges
which do not fully reflect the value of Savaria business and future prospects,
and in volume that do not provide reasonable liquidity for shareholders. Mr.
Marcel Bourassa, President and Chief Executive Officer, and Mr. Jean-Marie
Bourassa, Chief Financial Officer, will not tender any shares into the Issuer
Bid, either directly or indirectly.


Burkman Capital Corporation ("BCC") was retained by the Corporation to prepare
an independent valuation ("Valuation") pursuant to the Issuer bid. The Valuation
was prepared by BCC based on its professional judgment and in compliance with
Multilateral Instrument 61-101. The Valuation is based upon techniques and
assumptions that BCC considers appropriate in the circumstances for the purposes
of arriving at an opinion as to the range of fair market value of the common
shares given the nature and status of Savaria's overall business operations.


Subject to the assumptions, limitations, restrictions and the scope of BCC's
work as set out in the Valuation, BCC concluded that in its opinion, the fair
market value of 100% of the issued and outstanding common shares as at June 25,
2009 is in the range of $21,200,000 to $24,500,000 ($0.78 to $0.91 per common
share).


A summary of the Valuation can be found in the Issuer Bid circular sent to
shareholders. A copy of the Valuation may be obtained on request from the VP
Finance, Savaria Corporation, 2724 Etienne-Lenoir Street, Laval, Quebec, H7R
0A3, Telephone: (800) 931-5655. The Valuation has also been filed on SEDAR.


Savaria received approval from the National Bank of Canada for a loan up to the
maximum principal amount of $4,000,000 ("Loan") which can be used to finance the
acquisition of the common shares by Savaria pursuant to the Issuer Bid. The
interest on the Loan shall be calculated at prime + 1% and is subject to, among
other customary provisions, Savaria maintaining in its bank accounts an amount
equal to 50% of the amount of the Loan outstanding.


Savaria Corporation (www.savariaconcord.com) is Canada's leader and the second
largest accessibility company in North America. The Corporation designs,
manufactures and distributes products meeting the needs of people with mobility
challenges, primarily stairlifts, vertical and inclined platform lifts, as well
as elevators for residential and commercial use. Through its subsidiary
Van-Action (2005) Inc., Savaria also converts and adapts automotive vehicles for
the disabled. Its sales rely on a network of some 600 retailers in North
America. Savaria records approximately 60% of its sales outside Canada and
employs some 400 people.

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