Home Capital Group Inc. Announces Chief Financial Officer Departure

    TORONTO, March 20 /CNW/ - Home Capital Group Inc. ("Home") (TSX: HCG)
reported today the departure of its Chief Financial Officer, Phil Braginetz.
    Mr. Braginetz joined the Company on May 22, 2007. His responsibilities
will be shared by Home's seasoned executive management team, including our
Vice President, Finance, as well as our highly qualified Treasury and Finance
    Gerald M. Soloway, Chief Executive Officer stated: "Home wishes Phil
success in his future endeavours and thanks him for his contributions. Our
executive management team is very capable of performing all duties of the CFO
until a replacement for the position is found."

    Home Capital Group Inc. is a holding company, publicly traded on the
Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home
Trust Company. Home Trust is a federally regulated trust company offering
deposit, mortgage lending, retail credit and credit card issuing services.
Licensed to conduct business across Canada, Home Trust has offices in Ontario,
Alberta, British Columbia, Nova Scotia and Québec.

    From time to time Home Capital Group Inc. (the "Company" or "Home") makes
written and verbal forward-looking statements. These are included in the
Annual Report, periodic reports to shareholders, regulatory filings, press
releases, Company presentations and other Company communications.
Forward-looking statements include, but are not limited to, business
objectives and targets, Company strategies, operations, anticipated financial
results and the outlook for the Company, its industry, and the Canadian
economy. These statements regarding expected future performance are "financial
outlooks" within the meaning of National Instrument 51-102. Please see the
risk factors, which are set forth in the Risk Management section of the MD&A,
as well as its other publicly filed information, which may be located at
www.sedar.com, for the material factors that could cause our actual results to
differ materially from these statements. Forward-looking statements are
typically identified by words such as "believe," "expect," "anticipate,"
"estimate," "plan," "may," and "could" or other similar expressions. By their
very nature, these statements require us to make assumptions and are subject
to inherent risks and uncertainties, general and specific, which may cause
actual results to differ materially from the expectations expressed in the
forward-looking statements. These risks and uncertainties include, but are not
limited to, global capital market activity, changes in government monetary and
economic policies, changes in interest rates, inflation levels and general
economic conditions, legislative and regulatory developments, competition and
technological change. The preceding list is not exhaustive of possible
factors. These and other factors should be considered carefully and readers
are cautioned not to place undue reliance on these forward-looking statements.
Home does not undertake to update any forward-looking statements, whether
written or verbal, that may be made from time to time by it or on its behalf,
except as required by securities laws.

For further information:

For further information: Gerald M. Soloway, CEO, or Nick Kyprianou,
President, (416) 360-4663, www.homecapital.com

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