Exhibit 12

Statement of Computation of Ratio of Earnings to Fixed Charges

	Nine Months Ended September 30, 2014
	2014		2013
	(000’s)		(000’s)
Earnings:
Income (loss) from continuing operations attributable to MDC Partners Inc.	$	3,000	$	(43,651	)
Additions:
Income expense (benefit)	2,781		(8,189		)
Noncontrolling interest in income of consolidated subsidiaries	4,796		4,407
Fixed charges, as shown below	51,075		98,666
Distributions received from equity-method investees	8		3,096
	58,660		97,980
Subtractions:
Equity in income of investees	223		196
Earnings as adjusted	$	61,437	$	54,133
Fixed charges:
Interest on indebtedness, expensed or capitalized	38,951		81,935
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized	1,704		7,045
Interest within rent expense	10,420		9,686
Total fixed charges	$	51,075	$	98,666
Ratio of earnings to fixed charges	1.20		N/A
Fixed charge deficiency	N/A		$	44,533