Romspen Investment Corporation Announces Recent Organizational Appointments

Significant Strength and Depth Added to Management Team

TORONTO, Feb. 18 /CNW/ - Romspen Investment Corporation is pleased to make the following organizational announcements.

Mark Hilson is appointed to Managing General Partner. Most recently he was Managing Director at Onex Corporation and has over 25 years of experience in the investment business. Mr. Hilson has served on a broad range of North American public company and charitable boards including Vincor, Celestica, Shaw Festival and the McMichael Canadian Art Collection. He graduated with an Honours Bachelor of Business Administration degree (gold medalist) from Sir Wilfrid Laurier University and a Master of Business Administration (George Fisher Baker Scholar) from Harvard Business School.

Ronald Lloyd is appointed to Managing Partner. Mr. Lloyd has 25 years of experience in the investment and pension consulting business in both Canada and the U.S., most recently as Vice President of Gluskin Sheff + Associates. Prior to his senior position at Gluskin Sheff, Mr. Lloyd was the President of Hewitt Associates Canada. He received a Bachelor of Commerce (Honours) and a Master of Industrial Relations from Queens University, and earned his Canadian Investment Manager (CIM) designation. Mr. Lloyd serves on the Board of Directors of Greenwood College School.

Robert Shiller is appointed to Vice President, Origination and has spent his entire career in commercial real estate lending. Most recently he was Vice President Real Estate Investment Banking at TD Securities prior to which he held senior positions at Colliers International, GE Capital, and Citibank. Mr. Shiller holds a Bachelor of Commerce degree from McGill University.

Arnie Bose is appointed to Vice President, Finance. Prior to joining Romspen he was Senior Controller at Ontario Realty Corporation and prior to that he practiced in the Audit division of Ernst & Young and in the International Corporation Tax division of Arthur Andersen. Mr. Bose graduated with an Honours Bachelor of Arts (Dean's List) and Master of Accounting degree from the University of Waterloo and also holds the designation of Chartered Accountant.

Bonnie Bowerman is appointed Vice President, Underwriting and brings extensive commercial real estate underwriting experience to Romspen. Most recently she held senior real estate underwriting positions with Sun Life Assurance Company and Aetna Life Insurance Company prior to which she was Senior Consultant with Drivers Jonas Canada. Ms. Bowerman received a Bachelor of Administrative Studies from York University where she graduated with distinction.

About the Fund

With its origins in the mid-60's, Romspen is one of the largest non-bank commercial/industrial mortgage lenders in Canada. Romspen's investment objectives are focused on capital preservation, superior yields and consistent performance. Romspen investors include high net worth individuals, trusts and endowments. Over the past 10 years, Romspen has invested in excess of $1 billion in over 600 mortgages. Currently, Romspen manages a mortgage portfolio of over $600 million. For further information on Romspen visit its website at: www.romspen.com.

This news release may contain forward-looking statements that are based on management's current expectations and are subject to known and unknown uncertainties and risks. These uncertainties and risks may cause actual results to differ materially from those contemplated or implied and readers are cautioned not to place undue reliance on these forward-looking statements. Romspen is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.

For further information: Mark Hilson, Managing General Partner, [email protected], [phone]