Intact files a preliminary short form base shelf prospectus



    
    /THIS PRESS RELEASE MAY NOT BE PUBLISHED, DISTRIBUTED OR TRANSMITTED
    IN OR INTO THE UNITED STATES OR OVER UNITED STATES WIRE OR NEWS SERVICES/
    

    TORONTO, May 14 /CNW/ - Intact Financial Corporation (TSX: IIC) announced
today that it has filed a preliminary short form base shelf prospectus with
the securities regulatory authorities throughout Canada. These filings would
allow Intact to offer over a 25-month period an aggregate of any combination
of up to $2 billion in debt, preferred or common share securities,
subscription receipts, warrants, share purchase contracts and units subject to
a receipt being received for a final short form base shelf prospectus. These
filings replace a similar prospectus filed in October 2007 and reflect the
resolutions approved by the shareholders at their May 13 meeting to change the
name and authorized capital of the company.
    The nature, size and timing of any financings would be dependent upon
Intact's assessment of its requirements for funding and general market
conditions. At the time any securities covered by the base shelf prospectus
are offered for sale, a prospectus supplement containing specific information
regarding the terms of the securities being offered would be provided. Unless
otherwise specified in the prospectus supplement, the net proceeds from the
sale of securities would be used by Intact for general corporate purposes.
    This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful,
prior to qualification under the securities laws of any such jurisdiction.
Securities that would be issued would not be registered under the United
States Securities Act of 1933 and would not be offered, sold or delivered,
directly or indirectly, in the United States of America, its territories, its
possessions and other areas subject to its jurisdiction or to, or for the
account or benefit of, a U.S. person (as defined in Regulation S under the
U.S. Securities Act of 1933) except in certain transactions exempt from the
requirements of the U.S. Securities Act of 1933.

    About Intact Financial Corporation

    Intact Financial Corporation is the largest provider of property and
casualty insurance in the country with over $4 billion in premiums. Its 7,000
employees offer home, auto and business insurance under the Intact Insurance,
Intact Group Insurance, belairdirect and Grey Power brands. Intact Financial
Corporation, formerly known as ING Canada, became a widely held Canadian
company on February 19 of this year following the completion of a private
placement and a secondary offering whereby institutional and retail investors
acquired ING Groep's shares in the company. On Tuesday, May 19, the company's
TSX symbol will be changed to "IFC".





For further information:

For further information: Media inquiries: Gilles Gratton, Vice
President, Corporate Communications, (416) 217-7206,
gilles.gratton@intact.net; Investor inquiries: Michelle Dodokin, Vice
President, Investor Relations, (416) 344-8044, michelle.dodokin@intact.net


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