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Industrial Alliance Supports the Faculté des sciences de l'administration at Université Laval in a Series of News Stories on Sur les traces des Managers sans frontières

Quebec City,

News Release

Industrial Alliance Insurance and Financial Services Inc. is pleased to support the Faculté des sciences de l’administration (FSA) at Université Laval and its training program in international development and humanitarian action Managers sans frontières (Managers Without Borders) by sponsoring a series of news stories presented by the students in this program. The weekly series Sur les traces des Managers sans frontières will be aired on TVA Québec from May 18 to the month of September 2007.

"In a context where manpower needs are becoming increasingly urgent, Industrial Alliance is proud to support such succession training programs," stated Yvon Charest, President and Chief Executive Officer of Industrial Alliance. "Managers Without Borders will train seasoned administrators who are able to work in various environments. Their news stories will allow us to appreciate their great ability to adapt and their resourcefulness. They will also provide us with a preview of their professionalism."

This series of news reports will feature seven students from the FSA program. They will share with the public their experiences in one of the following developing countries: Bolivia, Burkina Faso, Cameroon, India or Nepal. Each week, in addition to the news report aired at 6:00 p.m. on Friday on TVA, viewers will also be able to watch the other news reports presented by other Managers Without Borders on the TVA Québec website at www.tva.canoe.com.

As a Company committed to the betterment of the community, Industrial Alliance is pleased to be an ambassador of education in various regions of Canada. The Company's contribution to the Université Laval project is just one of the many commitments that have brought Industrial Alliance and Université Laval together in the last ten years. Industrial Alliance also maintains numerous partnerships with various teaching institutions across Canada, including the British Columbia Institute of Technology (BCIT), University of Manitoba, Université de Montréal, Université de Sherbrooke and, in the Quebec City area, École nationale d’administration publique, Cégep de Sainte-Foy and Cégep Limoilou.

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, which has operations across Canada as well as in the western United States. Industrial Alliance contributes to the financial well-being of over 3 million Canadians, employs more than 2,800 people and manages and administers $50 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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Information:
Jacques Carrière
Vice-President, Investor Relations
Office: 418 684-5275