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Attention Business/Financial Editors

The Board of Directors of Western Financial Group (“the Company”) today declared a dividend of $3.4397 per share on the first preferred shares, series two for the six months ending December 31, 2006 to the shareholders of record, at the close of business on December 19, 2006.

Western Financial Group is one of the leading financial service companies in Western Canada. With offices in towns and small cities across the West, the Company provides more than 250,000 customers with insurance, investment and banking products through WFG Agency Network, Western Life and Bank West.


The Common Shares of Western Financial Group are traded on the Toronto Stock Exchange under the symbol “WES”.


For further information, please contact:
Jodi Greig, Corporate Communications Manager
Western Financial Group
403-652-2663

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