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Industrial Alliance Declares a Quarterly Dividend

Quebec City,

News Release

Industrial-Alliance Life Insurance Company announced today the payment of a quarterly dividend, for the first quarter of 2001, of $0.15 per share for each common share. This dividend will be payable in cash on June 15, 2001 to shareholders of record on May 15, 2001. This is the third dividend payable to the shareholders since Industrial Alliance shares were officially listed on the Toronto Stock Exchange, on February 10, 2000.

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 the parent company, Industrial Alliance (Quebec City), and its subsidiaries, including IA Pacific Life (Vancouver) and National Life of Canada (Toronto). The seventh largest life and health insurance company in Canada, the Group insures over 1,5 million Canadians and employs near 2000 people. The Group has more than $14 billion in assets and funds under management. Industrial Alliance’s share is listed on the Toronto Stock Exchange under the ticker symbol IAG and is part of the TSE 300, where it is among the 100 largest Canadian companies.

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All financial results for the first quarter of 2001 are published on our Web site at www.inalco.com, in the Investor Relations section under Financial Reports. 

Information:

Medias
André Ménard
Director, Public Relations
Tel.office: (418) 684-5286
Cellphone: (418) 573-4043 

Investors and financial analysts
Jacques Carrière
Vice-President, Investor Relations
Tel. office: (418) 684-5282
Cellphone: (418) 576-3624