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, Dec. 10 /CNW/ - (TSX - WES, WES.PR.A) - The board of
directors of Western Financial Group ("the Company") has declared a dividend
of $3.375 per share on the first preferred shares, series two for the six
months ending December 31, 2007 to the holders of first preferred shares
series two, at the close of business on December 31, 2007 to be payable on
January 15, 2008.

    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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