Dividend on common shares and Class A Non-Voting shares of Newco Bancorp Inc.

TORONTO, May 14 /CNW/ - Newco Bancorp Inc. announced today that it has declared a dividend in the amount of 9.091 cents on each of its common shares outstanding and 10 cents on each of its Class A Non-Voting shares outstanding, such dividends to be payable on the 4th day of June, 2010 to holders of record of common shares and Class A Non-Voting shares as at the close of business May 28th, 2010. The dividend payable to the holders of common shares will in the aggregate be approximately $55,628.21 and that to the holders of the Class A Non-Voting shares will in the aggregate be approximately $335,787.10, representing in total approximately 9.5% of the total of the corporation's net investments and cash on hand.

For further information: For further information: Maxwell L. Rotstein, Chairman & CEO, (416) 488-3322

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NEWCO BANCORP INC.

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