Western Financial Group Announces Initiation of a Quarterly Common Share Dividend



    /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO ANY UNITED STATES NEWS
    SERVICE OR OTHERWISE IN THE UNITED STATES/

    HIGH RIVER, AB, June 13 /CNW/ - (TSX - WES) - Western Financial Group
("the Company") announced today that it will pay the first quarterly common
share cash dividend in its history. The dividend will provide $0.01 per common
share to each shareholder of record as of June 29, 2007, with the initial
dividend payable on July 16, 2007.
    "This is a proud milestone for our company" said Scott Tannas, President
and CEO. "This is our first step in building a discipline around paying a
regular dividend to our shareholders. It is part of our development as a
strong, respected and growing financial services company in western Canada,"
he said. "In the quarters and years to come, we are determined to responsibly
and carefully build on this modest beginning as a dividend payer to
shareowners."

    Western Financial Group is a leader in providing insurance, financial
services and banking services in over 80 communities, to more than 400,000
individuals and businesses in Western Canada through its WFG Agency Network
locations, its affiliated insurance brokers, Western Life Assurance Company
and Bank West.
    The Common Shares of Western Financial Group are traded on the Toronto
Stock Exchange under the symbol "WES".

    %SEDAR: 00007536E




For further information:

For further information: Arlene Beggs, Assistant to the President,
Western Financial Group, (403) 652-2663, info@westernfinancialgroup.net

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Western Financial Group

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