RBC Capital Markets acted as Sole Placement Agent on a $70 million Reg D Convertible Notes offering to fund an acquisition

Transaction Information On November 6, 2007, Providence Service Corporation ("Providence") announced the completion of a Regulation D private placement of $70 million of Convertible Senior Subordinated Notes due in 2014. The private placement was priced off the day's closing price of $31.47. The notes bear interest at 6.5% per annum and are convertible into Providence common shares at a conversion price of $41.698, representing a 32.5% premium. The net cash proceeds from the offering will be used to fund Providence's acquisition of LogistiCare, Inc. RBC Capital Markets acted as Sole Placement Agent for this transaction. About Providence Service Corporation Providence Service Corporation, through its owned and managed entities, provides home and community based social services to government-sponsored clients under programs such as welfare, juvenile justice, Medicaid and corrections. Providence does not operate any beds,

treatment facilities, hospitals, or group homes, preferring instead to provide services in the client's own home or other community setting. Through its owned and managed entities, Providence maintains 773 government contracts in 35 states and the District of Columbia as of September 30, 2007.

Summary Terms

Convertible Notes Offering

Offering Size:	$70 million Regulation D Convertible Notes
Coupon:	6.50% per annum
Conversion Premium:	32.5%
Term:	6.5 Years (maturing in 2014)

Investment Banking Contact

Tony Munoz
Director, Healthcare Services
212-428-6925
tony.munoz@rbccm.com