Loring Ward Completes Plan of Arrangement



    TORONTO, Jan. 23 /CNW/ - Loring Ward International Ltd. ("Loring Ward" or
the "Company") (TSX: LW) is pleased to announce the successful completion of
the previously announced plan of arrangement pursuant to which Werba Reinhard
Holdings Ltd., a subsidiary of Werba Reinhard Inc. ("WRI"), acquired all of
the outstanding shares of the Company for a cash purchase price of U.S.$11.25
per common share.
    Robert Herrmann, the President & Chief Executive Officer of Loring Ward,
stated "We would like to take this opportunity to thank WRI for their efforts
and cooperation in bringing this transaction to a close, and we thank our
shareholders, directors, management, employees, advisors, clients and other
stakeholders for their patience and support throughout this process".
    With the completion of the plan of arrangement, Loring Ward's common
shares are expected to cease to be listed for trading on the Toronto Stock
Exchange on or about the close of business on January 28, 2009. The Company
intends to apply to the relevant securities regulatory authorities to cease to
be a reporting issuer in each of the jurisdictions in Canada.
    For shareholders who held their Loring Ward common shares through a
broker, the payment of the purchase price will be processed through their
broker. For shareholders who held their Loring Ward common shares in
registered form, the payment of the purchase price will be processed after
they deposit their share certificates with CIBC Mellon Trust Company, the
depositary for the transaction, in accordance with the instructions in the
Letter of Transmittal previously sent. Any questions regarding payment of the
purchase price, including any request for another form of Letter of
Transmittal, should be directed to your broker, if applicable, or the
depositary via telephone at 1 (800) 387-0825 (toll free in North America) or
(416) 643-5500 or via email at inquiries@cibcmellon.com.
    Details of the transaction were contained in the management information
circular of the Company dated December 5, 2008, which can be found at
www.sedar.com.
    Stikeman Elliott LLP acted as legal advisor and BMO Capital Markets acted
as financial advisor to Loring Ward. Fogler, Rubinoff LLP acted as legal
advisor and GMP Securities L.P. acted as financial advisor to WRI.

    About Loring Ward

    Loring Ward International Ltd. provides in its core business a turnkey
asset management program to some of America's most knowledgeable and
successful investment advisors and their clients. These services include
investment strategies and products, back office operational processing,
education and training, and business development support. The Company's U.S.
corporate offices are headquartered in New York. For more information, please
visit www.loringward.com.

    The Company, in the ordinary course of its business, may explore
potential proposals or be the recipient of proposals with respect to strategic
opportunities and transactions, which may include strategic joint venture
relationships, significant debt or equity investments in or by the Company,
the acquisition or disposition of material assets or business lines, mergers,
new products or services, new distribution methods and other similar strategic
opportunities or transactions. The Company's policy is generally not to
publicly disclose the pursuit of a potential strategic opportunity or
transaction unless and until a definitive binding agreement is reached. The
public announcement of such matters could potentially materially affect the
price or value of the Company's securities. As a result, there can be no
assurance that investors who buy or sell the Company's securities are doing so
at a time when the Company is not pursuing a particular strategic opportunity
or transaction that, if publicly disclosed, could materially affect the price
or value of the Company's securities.
    Information in this news release that is not current or historical
factual information may constitute forward-looking information within the
meaning of securities laws. Forward-looking statements may include those
relating to the Company's objectives and strategies, as well as statements of
our beliefs, plans, expectations and intentions. Implicit in this information
are assumptions regarding future revenue and expenses, economic conditions,
and the results of pending litigation involving the Company, as well as our
business strategy, expectations, intentions, and other matters. These
assumptions may prove to be incorrect, and actual outcomes and results,
including the future operating results and economic performance of the
Company, may differ materially because of many factors, including those
discussed in this press release and in our other public filings. For more
information on these risks and uncertainties you should refer to our detailed
Financial Statements and Management's Discussion and Analysis, as well as a
broader description of certain challenges and risks facing the Company, all of
which is available at www.sedar.com. Forward-looking information contained in
this news release is based on our current estimates, expectations and
projections, which we believe are reasonable as of the current date. You
should not place undue importance on forward-looking information and should
not rely upon this information as of any other date. The Company disclaims any
intention or obligation to update the information in this press release or
revise any other forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly required by law.





For further information:

For further information: William Chettle, Phone: (646) 285-4783, E-mail:
info@loringward.com

Organization Profile

LORING WARD INTERNATIONAL LTD.

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