Western Financial Group Declares Dividend on its First Preferred Series Two



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

    HIGH RIVER, AB, June 22 /CNW/ - (TSX - WES) - The board of directors of
Western Financial Group ("the Company") have declared a dividend of $3.375 per
share on the first preferred shares, series two for the six months ending June
30, 2007 to the holders of first preferred shares series two, at the close of
business on June 15, 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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