Date Closed

June 1, 2012

Lead Office

Toronto

Value

150.00 Million CAD

On June 1st, 2012, Industrial Alliance Insurance and Financial Services Inc. announced that it had closed its previously announced bought deal public offering of Non-Cumulative 5-Year Rate Reset Class A Preferred Shares Series G (the "Series G Preferred Shares") at a price of C$25.00 per Series G Preferred Share purchased by a syndicate of underwriters co-led by Scotiabank and RBC Capital Markets. The offering results in a total of 6 million Series G Preferred Shares being issued today by Industrial Alliance for gross proceeds of C$150 million.

The net proceeds of this offering will be used for general corporate purposes and will be added to Industrial Alliance's capital base.

Industrial Alliance, headquartered in Québec City, Québec, is a life and health insurance company.

McCarthy Tétrault LLP represented the syndicate of underwriters, with a team led by Barry Ryan.