Western Financial Group Declares Dividends

/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO ANY UNITED STATES NEWS SERVICE OR OTHERWISE IN THE UNITED STATES./

HIGH RIVER, AB, May 21 /CNW/ - (TSX - WES) - Western Financial Group ("the Company") announced today that it will provide the following dividends:

    
    Common Shares:TSX: WES - A dividend of $0.0107 per share be
                          declared payable on July 15, 2010 to the holders of
                          record as of June 30, 2010.

    Preferred Series 2:TSX: WES.PR.D - A dividend of $3.3750 per preferred
                          share be declared payable on July 15, 2010 to
                          holders of record as of June 30, 2010.

    Preferred Series 3:TSX:WES.PR.A - A dividend of $3.3750 per preferred
                          share be declared payable on June 16, 2010 to
                          holders of record as of June 1, 2010.

    Preferred Series 4:TSX:WES.PR.B - A dividend of $3.3750 per preferred
                          share be declared payable on June 16, 2010 to
                          holders of record as of June 1, 2010.
    

All dividends are designated as "eligible" dividends for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.

Western Financial Group is a leader in providing insurance, financial services and banking services in over 90 communities, to more than 500,000 individuals and businesses in Western Canada through its Network locations, its affiliated insurance brokers, Western Life Assurance Company, Bank West and SecuriCan General Insurance.

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

For further information: Arlene Beggs, Assistant to the President, Western Financial Group, [phone], [email protected]