United Corporations Limited Announces Dividends

TORONTO, ONTARIO -- (Marketwire) -- 06/27/12 -- The Board of Directors of United Corporations Limited (TSX: UNC)(TSX: UNC.PR.A)(TSX: UNC.PR.B)(TSX: UNC.PR.C) today declared the following cash dividends:

Class                       Record Date     Payable Date  Amount of Dividend

First Preferred Shares   August 3, 2012  August 15, 2012             $ 0.375

Second Preferred Shares,
 1959 Series             August 3, 2012  August 15, 2012             $ 0.375

Second Preferred Shares,
 1963 Series             August 3, 2012  August 15, 2012             $ 0.375

Common Shares            August 3, 2012  August 15, 2012             $  0.20

United Corporations Limited advises that the above referenced dividends are eligible dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation.

Contacts:
United Corporations Limited
Frank J. Glosnek
Treasurer
(416) 947-2578
(416) 362-2592 (FAX)
www.ucorp.ca