Claymore Equal Weight Banc & Lifeco Trust announces exchange ratios

    TORONTO, April 26 /CNW/ - Claymore Equal Weight Banc & Lifeco Trust (the
"Fund") is pleased to announce the exchange ratios relating to its exchange
option with respect to the initial public offering of the trust units.
    The number of units of the Fund issuable pursuant to the exchange option
was determined by (i) dividing the weighted average of trading price of such
securities on the Toronto Stock Exchange for three consecutive trading days
ending April 25, 2007, as adjusted to reflect distributions declared by such
issuers that will not be received by the Fund, by (ii) $10.00.
    The following table indicates the Exchange Price and Exchange Ratio used
to determine the number of units of the Fund to be issued.
    The offering is being made in each of the provinces and territories in
Canada through a syndicate of investment dealers led by CIBC World Markets
Inc., which includes TD Securities Inc., BMO Nesbitt Burns Inc., National Bank
Financial Inc., Scotia Capital Inc., Canaccord Capital Corporation, HSBC
Securities (Canada) Inc., Raymond James Ltd., Wellington West Capital Inc.,
Desjardins Securities Inc., Berkshire Securities Inc., Blackmont Capital Inc.,
Burgeonvest Securities Limited, Richardson Partners Financial Limited and
Rothenberg Capital Management Inc.

    Claymore Equal Weight Banc & Lifeco Trust
    Exchange Option Prices and Ratios

    Issuer Name                               Ticker    Exchange    Exchange
                                              Symbol      Price       Ratio

    Bank of Montreal                           BMO      $71.6774     7.1677
    Canadian Imperial Bank of Commerce          CM      $99.2075     9.9208
    National Bank of Canada                     NA      $63.3499     6.3350
    Royal Bank of Canada                        RY      $59.0604     5.9060
    The Bank of Nova Scotia                    BNS      $54.1100     5.4110
    The Toronto-Dominion Bank                   TD      $68.2745     6.8275
    Great-West Lifeco Inc.                     GWO      $35.0118     3.5012
    Industrial Alliance Insurance and
     Financial Services Inc.                   IAG      $36.0618     3.6062
    Manulife Financial Corporation             MFC      $40.2789     4.0279
    Sun Life Financial Inc.                    SLF      $53.2214     5.3221

    About Claymore Investments

    Claymore Investments, Inc. will serve as trustee and manager of the Fund.
Claymore is a wholly-owned subsidiary of Claymore Group, Inc., a financial
services and asset management company based in the Chicago, Illinois area.
Claymore Group Inc. entities provide supervisory, management or distribution
related services to closed-end funds, unit investment trusts, exchange traded
funds, separately managed accounts and mutual funds with combined assets of
approximately US$16 billion.

For further information:

For further information: Media Inquiries, please contact: Som Seif,
President, Claymore Investments, Inc., Toronto, (866) 417-4640,

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