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Exhibit 99.2 (EXTENDICARE LOGO) NEWS RELEASE
FOR IMMEDIATE RELEASE
March 28, 2005 Extendicare to Present at Lehman Brothers Global Healthcare Conference MARKHAM, ONTARIO  Extendicare Inc. (TSX: EXE.MV and EXE.SV; NYSE: EXE) announced that
Extendicare will be presenting at the Lehman Brothers Global Healthcare Conference on March 30,
2005 at 8:00 am ET. The presentation will be webcast live on Extendicares website at
www.extendicare.com. The presentation will be available for viewing for 90 days following the live
webcast. Extendicare is a major provider of long-term care and related services in North America.
Through its subsidiaries, Extendicare operates 440 nursing and assisted living facilities in the
United States and Canada, with capacity for over 34,400 residents. As well, through its operations
in the United States, Extendicare offers medical specialty services such as subacute care and
rehabilitative therapy services, while home health care services are provided in Canada. The
Company employs 38,000 people in North America. Statements contained in this release other than statements of historical fact, including
statements regarding anticipated financial performance, business strategy and managements plans
and objectives for future operations, are forward-looking statements. These forward-looking
statements can be identified as such because the statements generally include words such as
expect, intend, anticipate, believe, estimate, plan or objective or other similar
expressions. These forward-looking statements are subject to risks and uncertainties that could
cause actual results to differ materially from those expressed in, or implied by, these statements.
In addition to the risks and uncertainties related to these statements, other risks and
uncertainties are identified in Extendicare Inc.s or Extendicare Health Services, Inc.s filings
with Canadian and United States securities regulators and include, but are not limited to, the
following: changes in the health care industry in general and the long-term care industry in
particular because of political and economic influences; changes in regulations governing the
industry and the Companys compliance with such regulations; changes in government funding levels
for health care services; resident care litigation, including exposure for punitive damage claims
and increased insurance costs, and other claims asserted against the Company; the successful
integration of Assisted Living Concepts, Inc.; changes in foreign currency translation; the
Companys ability to attract and retain qualified personnel; the availability and terms of capital
to fund the Companys capital expenditures; changes in competition; and demographic changes. Given
these risks and uncertainties, readers are cautioned not to place undue reliance on the Companys
forward-looking statements. All forward-looking statements contained in this report are necessarily
estimates reflecting the best judgement of the party making such statements based upon current
information, and the Company assumes no obligation to update any forward-looking statement. For further information, contact: Extendicare Inc.
Christopher Barnes
Manager, Investor Relations
Phone: (905) 470-5483
Fax: (905) 470-4003
Email: cbarnes@extendicare.com Visit Extendicares Website @ www.extendicare.com - 30 -