Western Financial Group Declares Dividend on its First Preferred Series Three



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

    HIGH RIVER, AB, Nov. 15 /CNW/ - (TSX - WES, WES.PR.A) - The Board of
Directors of Western Financial Group ("the Company") today declared an initial
dividend of $2.65574 per share on the first preferred shares, series three for
the period ending November 30, 2007. The dividend is payable to the
shareholders of record at the close of business on November 26, 2007 and will
be paid on December 3, 2007.

    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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