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<PAGE>
THE LOEWEN GROUP INC.
Exhibit 11
For 10-Q
COMPUTATION OF PER SHARE EARNINGS
EXPRESSED IN THOUSANDS OF U.S. DOLLARS EXCEPT PER SHARE AMOUNTS
<TABLE>
<CAPTION>
Three months ended Nine months ended
September 30 September 30
------------------ ---------------------
2000 1999 2000 1999
------- ------- -------- ---------
<S> <C> <C> <C> <C>
BASIC
Net earnings (loss) $(2,969) $ 1,916 $(56,516) $ (96,487)
Less: Preferred share dividends 2,216 2,215 6,715 6,644
------- ------- -------- ---------
Net loss attributable to Common
shareholders $(5,185) $ (299) $(63,231) $(103,131)
------- ------- -------- ---------
------- ------- -------- ---------
Weighted average shares outstanding (000's) 74,145 74,145 74,145 74,103
------- ------- -------- ---------
Basic earnings (loss) per share $ (0.07) $ 0 $ (0.85) $ (1.39)
------- ------- -------- ---------
------- ------- -------- ---------
FULLY DILUTED
Net loss attributable to Common
shareholders $(5,185) $ (299) $(63,231) $(103,131)
Less: imputed earnings reversal from
dilutive options, net of tax effect 0 0 0 0
------- ------- -------- ---------
Fully diluted net loss $(5,185) $ (299) $(63,231) $(103,131)
------- ------- -------- ---------
------- ------- -------- ---------
Weighted average shares outstanding (000's) 74,145 74,145 74,145 74,103
Shares issuable upon assumed conversion
of dilutive options 0 0 0 0
------- ------- -------- ---------
Fully diluted shares (000's) 74,145 74,145 74,145 74,103
------- ------- -------- ---------
------- ------- -------- ---------
Fully diluted earnings (loss) per share $ (0.07) $ 0 $ (0.85) $ (1.39)
------- ------- -------- ---------
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</TABLE>
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