Canadian Life Companies Split Corp. (the "Company") announces a total of 7,129,099 LFE.WT.A 2013 Warrants were exercised at $12.00 each for total gross proceeds of $85,549,188 bringing the Company's net assets to approximately $190 million.

For every Warrant exercised, holders received one Preferred Share and one Class A Share of the Company. The Warrants expired on March 27, 2013. The net asset value per unit after giving effect to the warrant exercise was $13.03 as at March 28, 2013.

The proceeds from the Warrant exercise are being used by the Company to invest in common shares of four Canadian Life Insurance Companies as follows: Great-West Life, Industrial Alliance, Manulife Financial and Sun Life Financial.

Contacts: Canadian Life Companies Split Corp. Investor Relations 416-304-4443 or Toll Free at 1-877-4-Quadra (1-877-478-2372) www.lifesplit.com

Canadian Life Companies ... (TSX:LFE)
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