Impark Announces Opening Of Branch in Columbus, OH

    VANCOUVER, British Columbia--May 2, 2003--Execution of U.S. growth strategy continues with takeover of four locations in third city in Ohio. Impark now operating in 20 U.S. cities.
    Imperial Parking Corporation ("Impark") (AMEX: IPK) announced today that it has opened an operating branch in Columbus, OH.
    The new branch, the Company's twentieth in the United States, represents its seventeenth new U.S. city since adopting an American growth strategy in early 1999. The branch was opened on the strength of four new leased locations of varying terms, previously operated by a competitor.
    "It is a core part of our strategic plan to open one to two new U.S. cities each year, either by acquisition or by securing a start-up portfolio of lots," commented Charles Huntzinger, the Company's President and Chief Executive Officer. "We are also targeting a position as a major player in the Ohio region, leveraging our success in the Cincinnati and Cleveland markets. It is for these reasons that the opening in Columbus is particularly important, and I'm proud and excited about this achievement."

    Imperial Parking Corporation, headquartered in Vancouver, B.C., Canada is the largest parking operator in Canada and one of the four largest in North America based on number of locations. As of December 31, 2002 Impark owned, leased or managed 1,637 parking locations containing over 320,000 parking spaces in Canada and the United States.

    This press release contains projections and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the Company's current views with respect to future events and financial performance. No assurance can be given, however, that these events will occur or that these projections will be achieved and actual results could differ materially from those projected, as a result of certain factors. A discussion of these factors is included in the Company's filings with the Securities and Exchange Commission.