Equitable Trust Announces Randy Nanek as Chief Financial Officer

    TSX Symbol: ETC

    TORONTO, Nov. 22 /CNW/ - Andrew Moor, President and CEO of Equitable
Trust Company is pleased to announce the appointment of Randy Nanek, CA as
Chief Financial Officer effective December 5, 2007.
    Mr. Nanek joins the management team at Equitable Trust with an extensive
background in financial management in the banking industry. Most recently
Mr. Nanek was Chief Financial Officer of President's Choice Financial. He
previously held senior management positions at TD Bank Financial Group and
RBC Financial Group. In 1982, Mr Nanek was awarded a Bachelor of Commerce
(Honours) from the University of Manitoba and received his Chartered
Accountant's designation in 1985.
    "I am delighted to welcome Randy to his new position. With Randy's
knowledge and experience, he will be able to provide valuable insights into
ways of building the business for the benefit of our customers and
shareholders," said Andrew Moor, President and CEO.

    About Equitable Group Inc. (Equitable Trust)

    Equitable Group Inc. provides first mortgage financing through its
wholly-owned subsidiary, The Equitable Trust Company. It also offers
Guaranteed Investment Certificates to depositors as a nationally-licensed
deposit-taking institution. Equitable Trust was founded in 1970, and by
following a prudent, results-driven approach, Equitable has become a leader in
its primary niches: alternative single family dwelling as well as multi-unit
residential mortgage lending. The common shares of Equitable Group Inc. are
listed on the Toronto Stock Exchange under the trading symbol of "ETC." For
more information visit www.equitablegroupinc.com.

    %SEDAR: 00020356E

For further information:

For further information: Andrew Moor, President and Chief Executive
Officer, (416) 513-3519

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