SCEPTRE INVESTMENT COUNSEL RECEIVES FINAL APPROVAL OF COURT FOR COMBINATION
WITH FIERA CAPITAL

TORONTO, Aug. 27 /CNW Telbec/ - Sceptre Investment Counsel Limited (TSX: SZ) today announced that it obtained the final order of the Ontario Superior Court of Justice (Commercial List) in connection with the previously announced statutory plan of arrangement pursuant to Section 182 of the Business Corporations Act (Ontario), under which Sceptre and Fiera Capital Inc. will combine their businesses under the name Fiera Sceptre Inc.

The arrangement was approved by shareholders of Sceptre at a special meeting that was held on August 24, 2010. Subject to the conditions of closing in the transaction agreement dated June 16, 2010 between Sceptre and Fiera Capital Inc., as amended, being satisfied or waived, the arrangement is expected to be effective on September 1, 2010.

Fiera Sceptre has received conditional approval for the listing of the Class A Subordinate Voting Shares on the Toronto Stock Exchange. Subject to Fiera Sceptre satisfying the listing requirements, it is expected that the Class A Subordinate Voting Shares will be listed for trading on the Toronto Stock Exchange on September 1, 2010 under the trading symbol "FSZ".

About Sceptre Investment Counsel

Sceptre is a leading Canadian independent investment management firm with assets under supervision of approximately $7 billion. Sceptre became a public company listed on the Toronto Stock Exchange in 1986. Sceptre's Pension and Institutional Fund group manages investment portfolios for a wide range of clients, including corporations, governments, hospitals, charitable foundations, endowments, universities and unions. Through its Wealth Management group, Sceptre provides discretionary funds and segregated account management for high net-worth individuals, and offers a family of eight mutual funds. www.sceptre.ca

About Fiera Capital

Fiera Capital is a Montreal-based privately held investment firm originally created as a result of a 2003 partnership between Desjardins Financial Group, Canada's largest cooperative financial group and Mr. Jean-Guy Desjardins together with a group of employees. Fiera Capital is one of Canada's leading independent, full-service, multi product investment firms, focused on delivering competitive and tailored multi-style investment solutions to its clientele, composed largely of institutional investors, mutual funds, religious and charitable organizations and high net worth investors. With unique expertise in asset allocation, equity and fixed income management and non-traditional investment solutions, Fiera Capital currently manages approximately $23 billion in assets.   www.fieracapital.com

Forward- Looking Statements

This document may contain certain forward-looking statements.  These statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events including business and economic conditions and Sceptre's growth, results of operations, performance and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "target", "intend" or the negative of these terms or other comparable terminology.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and a number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements. In evaluating these statements, readers should specifically consider various factors that may cause actual results to differ materially from any forward-looking statement.

These factors include, but are not limited to, market and general economic conditions, the nature of the financial services industry and the risks and uncertainties detailed from time to time in Sceptre's interim and annual consolidated financial statements and its Annual Report and Annual Information Form filed on sedar.com. These forward-looking statements are made as of the date of this document, and Sceptre assumes no obligation to update or revise them to reflect new events or circumstances.

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