Russell Investments declares corporate class dividends in LifePoints
Portfolios

TORONTO, June 18 /CNW/ - Russell Investments Canada Limited has declared ordinary dividends to shareholders in the following LifePoints Portfolios. There will be no dividends in the Russell Sovereign Investment Program. The dividends are payable on Monday June 28, 2010 to shareholders of record at the close of business day Friday June 25, 2010. All dividends are eligible dividends.

    
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    Class                                       Series   Per Share   % NAV*
                                                         (CAD)
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    Russell LifePoints Balanced Class
     Portfolio                                  B        $0.033      0.30%
                                               ------------------------------
                                                F-6      $0.231      0.30%
                                               ------------------------------
                                                F        $0.034      0.30%
                                               ------------------------------
                                                I-6      $0.219      0.30%
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    Russell LifePoints Balanced
     Growth Class Portfolio                     B        $0.047      0.42%
                                               ------------------------------
                                                F-7      $0.330      0.42%
                                               ------------------------------
                                                F        $0.049      0.42%
                                               ------------------------------
                                                I-7      $0.306      0.42%
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    Russell LifePoints
     Long-Term Growth Class
     Portfolio                                  B        $0.067      0.60%
                                               ------------------------------
                                                F        $0.068      0.60%
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    Russell LifePoints
     All Equity Class Portfolio                 B        $0.123      1.09%
                                               ------------------------------
                                                F        $0.100      0.86%
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    * Based on May 31, 2010 Net Assets Value.
    

About Russell Investments

Founded in 1936, Russell Investments is a global financial services firm that serves institutional investors, financial advisers and individuals in more than 40 countries. Over the course of its history, Russell's innovations have come to define many of the practices that are standard in the investment world today, and have earned the company a reputation for excellence and leadership.

Through a unique combination of wide-ranging and interlinked businesses, Russell delivers financial products, services and advice. A pioneer, Russell began its strategic pension fund consulting business in 1969 and today is trusted by many well-known worldwide institutions for investment advice. The firm has $184.9 billion CDN in assets under management (as of 12/31/09) in its mutual funds, retirement products, and institutional funds, and is well recognized for its depth of research and quality of manager selection. Russell offers a comprehensive range of implementation services that helps institutional clients maximize their assets. The Russell Indexes calculate over 50,000 benchmarks daily covering 65 countries and more than 10,000 securities.

Russell is headquartered in Tacoma, Washington, USA with offices in Amsterdam, Auckland, Chicago, Johannesburg, London, Melbourne, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto. Russell Investments Canada Limited is a wholly-owned subsidiary of Frank Russell Company. For more information about how Russell helps to improve financial security for people, visit us at www.russell.com/ca

For further information: Thien Huynh, 416-640-2529; Katita Stark, 416-929-9100