TLC Comments On Market Rumors.

BETHESDA, Md.--(BUSINESS WIRE)--Aug. 5, 1999--

TLC The Laser Center Inc. (NASDAQ:TLCV/ TSE:TLC), commented today on certain rumors that may serve to explain recent trading activity in its stock.

Specifically, the Company is aware of the existence of a rumor that suggests it's President and CEO, Mr. Elias Vamvakas, has already or intends to tender his resignation from the Company.

Mr. Vamvakas has not tendered his resignation from TLC, nor does he intend to. Mr. Vamvakas also continues to be one of TLC's largest individual shareholders.

Moreover, no other member of TLC's senior management team have tendered their resignations, nor do any other members of TLC's senior management team intend to do so.

The Company believes that this rumor may have resulted from confusion over a similar false rumor regarding the CEO of one its competitors, circulated a few days ago on internet message boards.

TLC also advises that it is unaware of any pending unannounced material corporate developments that would explain the recent market activity in the Company's common shares.

About TLC The Laser Center Inc.

TLC operates refractive laser surgery centers throughout North America and is the world's largest provider of laser vision correction services. TLC's core business strategy is providing high quality excimer laser eye surgery in partnership with its network of more than 11,000 affiliated eye care professionals. TLC's common shares trade on the NASDAQ National Market under the symbol 'TLCV' and on The Toronto Stock Exchange under the symbol 'TLC'.

Forward-Looking Statements:

This press release contains certain forward-looking statements within the meaning of Section 27A of the U.S. Securities and Exchange Act of 1934 and Section 21E of the Securities Exchange Act of 1934, and is subject to which statements can be identified by the use of forward looking terminology, such as "may", "will", "expect", "anticipate", "estimate", "predict", "plans" or "continue" or the negative thereof or other variations thereon or comparable terminology referring to future events or results. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous factors, including the timing of acquisitions and expansion opportunities, any of which could cause actual results to vary materially from current results or TLC's anticipated future results. See the Company's reports filed with the Toronto Stock Exchange and the U.S. Securities and Exchange Commission from time to time for cautionary statements identifying important factors with respect to such forward looking statements, including certain risks and uncertainties, that could cause actual results to differ materially from results referred to in forward looking statemen contained in this press release.