Kevin M. Andrews Appointed President and CEO of Corpfinance International Limited

CFI chose to reduce material use by retaining the existing and original floors and ceilings throughout our building.

November 13, 2001

Toronto, Ontario—November 13, 2001
The Board of Directors of Corpfinance International Limited (CFI) is pleased to announce that Kevin M. Andrews has acquired majority ownership of the Company and has been appointed to the position of President, Chief Executive Officer.

Mr. Andrews has been with CFI since 1994 and has held increasingly senior positions within the Company. Prior to joining CFI, Mr. Andrews held a management position within the structured finance group of a leading international bank.

In his new role Mr. Andrews will be responsible for the day-to-day management of the company, ensuring that CFI continues to provide leadership and innovation in the corporate finance sector. CFI is committed to the development of new financing programs for specific industry segments that will provide competitive new sources of funds for clients, while providing CFI’s funding partners the lowest possible credit risk.

Corpfinance International Limited specializes in medium and long-term financing to Canadian and American private and public companies in several sectors including leasing, energy, natural resources, pulp and paper, automotive, real estate, and the public and private partnership sector. CFI has assets of over $1 billion currently under management. The Company is distinguished by its underwriting expertise in structured finance, specifically securitization and project financing for electrical power generation. CFI is the largest independent funder of securitization transactions in Canada with over $2 billion of assets funded through its AA-rated CFI Trust conduit.

About Corpfinance International Limited

Corpfinance International Limited specializes in providing customized medium and long-term financing and capital solutions for private and public corporations. The company is based in Toronto, Ontario with offices in Quebec and British Columbia and is owned by management and Canada Life.

CFI offers capital solutions through its wholly owned subsidiary CFI Capital and securitization financing through CFI Trust which is AA rated by DBRS, and which has generated over $2 billion in originations. With transactions ranging from $10 million to $100 million, CFI can offer fixed interest terms and amortizations up to thirty years.