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Industrial Alliance is now Part of the TSE 100

Quebec City,

News Release

Industrial-Alliance Life Insurance Company welcomes the listing of its stock (Toronto Stock Exchange: IAG) on the TSE 100. This listing will take effect at the closing of the stock markets today, Thursday, May 10, 2001.

"The listing of our stock on the TSE 100 acknowledges the continued success of Industrial Alliance’s results. This listing reflects the Company’s importance among the Canadian companies listed on the Toronto Stock Exchange and among life and health insurance companies in Canada," explained Yvon Charest, President and Chief Executive Officer. "Being part of the TSE 100 index will increase our profile among investors."

You may recall that Industrial Alliance was officially listed on the Toronto Stock Exchange in February 2000. On September 19, Industrial Alliance´s stock was included in the TSE 300 index.

The Industrial Alliance Group is among the most solid financial institutions in Canada, where it is an industry leader in insurance and financial services. The Group has operations across Canada through Industrial Alliance (Quebec City) and its subsidiaries, including IA Pacific Life (Vancouver) and National Life of Canada (Toronto). The seventh largest life insurance company in Canada, the Group insures more than 1.5 million Canadians and employs almost 2,000 people. The Group has more than $14 billion in assets and funds under management.

Industrial Alliance, a leader in Canada
Industrial Alliance is renowned for the size and diversity of its distribution networks, its high and consistent profitability, the dynamism of its network of subsidiaries, the quality of its investments and its development strategy which focuses on growth.

Industrial Alliance is ranked 7th among Canadian life and health insurance companies. By sector, Industrial Alliance is ranked 4th in terms of net premiums and 2nd for new sales in Individual Insurance; 1st for creditor insurance for automobile dealers in Group Insurance; and 6th for segregated fund assets in Individual Annuities.

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Information:

Medias
André Ménard
Director, Public Relations
Tel.office: (418) 684-5286 

Investors and financial analysts
Jacques Carrière
Vice-President, Investor Relations
Tel. office: (418) 684-5282