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Industrial Alliance Publishes its Annual Report and Mails the Proxy Circular for its Annual Meeting

Quebec City,

News Release

Today, Industrial Alliance Insurance and Financial Services Inc. will begin mailing its 2005 Annual Report and Proxy Circular inviting shareholders and participating policyholders to attend the Company’s next annual general meeting, which will be held on Tuesday, May 2, 2006, at 2:00 p.m., at the Centre des congrès de Québec, 1000 René-Lévesque Boulevard East, in Quebec City.

The theme of the Company’s 2005 Annual Report is Breaking New Ground – From Insurance to Wealth Management. This theme reflects the Company’s marked progress in the last few years, primarily in the mutual fund and securities sectors. In addition to the message from the Chairman of the Board and the President and Chief Executive Officer’s Report, the 2005 Annual Report contains a description of Industrial Alliance’s lines of business, management’s discussion and analysis and the 2005 consolidated financial statements.

The Proxy Circular contains information about the annual general meeting, including details concerning the election of the Company’s directors and the appointment of auditors for the current year.

The Annual Report and Proxy Circular are available in the Investor Relations/Financial Reports section of the Company’s website at These documents can also be obtained on the SEDAR website at Anyone who wishes to obtain a printed copy of the Annual Report and Proxy Circular should contact Industrial Alliance’s Investor Relations Department by phone, at 418 684-5000, extension 5282, or by e-mail, at

About Industrial Alliance
Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. is a life and health insurance company that offers a wide range of life and health insurance products, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgage loans and other financial products and services. The fifth largest life and health insurance company in Canada, Industrial Alliance is at the head of a large financial group – the Industrial Alliance Group – which has operations across Canada as well as in the Northwestern United States. Industrial Alliance insures over 2 million Canadians, employs more than 2,700 people and manages and administers over $38 billion in assets. Industrial Alliance stock is listed on the Toronto Stock Exchange under the ticker symbol IAG. Industrial Alliance is among the 100 largest public companies in Canada.

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Jacques Carrière
Vice-President, Investor Relations
Office phone: (418) 684-5275
Cell phone: (418) 576-3624