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Western Declares Dividend

(TSX – WES, WES.PR.A) - The board of directors of Western Financial Group (“the Company”) has declared a dividend of $3.375 per share on the first preferred shares, series two for the six months ending December 31, 2007 to the holders of first preferred shares series two, at the close of business on December 31, 2007 to be payable on January 15, 2008.

Western Financial Group is a leader in providing insurance, financial services and banking services in over 80 communities, to more than 400,000 individuals and businesses in Western Canada through its WFG Agency Network locations, its affiliated insurance brokers, Western Life Assurance Company 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:
Arlene Beggs, Assistant to the President
Western Financial Group
403-652-2663

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