EGI Financial Reports Filing Restated 2009 Financial Statements to Reflect Change in Accounting Policy Requiring Amendments to First Quarter 2008 Comparatives

    TORONTO, June 18 /CNW/ - EGI Financial Holdings Inc. (TSX:EFH) today
announced that it has filed restated interim financial statements and MD&A for
the first quarter ended March 31, 2009. The restatement of these financial
statements of EGI Financial is a result of a change in the company's
accounting policy relating to reserves for its motorcycle business which
requires retrospective application and notation. Accordingly, the restatement
did not affect results for the first quarter ended March 31, 2009, other than
notes and comparative statements for the same period in 2008. The restated
financial statements and MD&A may be accessed at

    About EGI Financial
    Founded in 1997, EGI Financial operates in the property and casualty
insurance industry in Canada and the United States, primarily focusing on
non-standard automobile insurance and other niche and specialty general
insurance products. EGI Financial's common shares are traded on the Toronto
Stock Exchange under the symbol EFH.

    %SEDAR: 00022868E

For further information:

For further information: Douglas E. McIntyre, Chief Executive Officer,
EGI Financial Holdings Inc., Telephone: (905) 214-7880

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