Howard N. Rosen Appointed as Director of the GBC North American Growth Fund



    MONTREAL, June 18 /CNW/ - The GBC North American Growth Fund Inc., one of
six funds offered by GBC Asset Management, today announced the appointment of
Howard N. Rosen to the Fund's Board of Directors.
    Mr. Rosen is Managing Director of LECG Canada Limited. He is a leading
authority on business valuations and corporate finance and brings over 25
years' experience to the Fund's Board. He has acted as an advisor and expert
across a wide variety of financial transactions in Canada and abroad. Mr.
Rosen is a director and member of the audit committee of two public companies
and serves on the audit committee of a national charitable organization. He is
also an MBA instructor at the Schulich School of Business in Toronto.
    "Howard Rosen's experience and expertise make him a welcome addition to
the Board," said A. Scott Taylor, Chair of the Board of Directors of The GBC
North American Growth Fund. "We believe he will be a strong advocate for our
investors and will help us maintain our focus on client service as well as
performance."
    The GBC North American Growth Fund invests primarily in the equity of
high-growth companies run by entrepreneurs who are substantial owners. GBC
Asset Management offers two other equity funds that share the investment
approach but have a different geographic focus: The GBC Canadian Growth Fund
and The GBC International Growth Fund. All three equity funds have superior
long-term performance as at May 31, 2007. The firm also offers a balanced
fund, The GBC Growth and Income Fund, as well as The GBC Canadian Bond Fund
and The GBC Money Market Fund.

    About GBC

    Founded in 1988, GBC Asset Management Inc. is the private client division
of Pembroke Management Ltd. GBC has a mission to be the investment manager of
choice for growth-oriented long-term investors. To accomplish this, GBC is
committed to providing the highest level of client service and relies on its
portfolio management team's proven long-term performance, stability and
uniform approach to investment. With offices in Montreal and Toronto, GBC is
owned by its employees and by Pembroke, and has approximately $950 million in
assets under management. Further information is available at www.gbc.ca.





For further information:

For further information: John Lute, (416) 929-5883, ext. 222; Mylène
Bélanger, (514) 289-8688, ext. 231

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