Home Capital Group Inc. announces dividend increase

    TORONTO, Aug. 7 /CNW/ - The Board of Directors of Home Capital Group Inc.
(TSX: HCG) has approved an increase in the quarterly dividend to 11.0 cents
per share on the outstanding Common Shares of the Company, which is equivalent
to an annual dividend of 44.0 cents per share. The dividend is payable on
September 1, 2007 to shareholders of record at the close of business on August
15, 2007.
    Gerald M. Soloway, President and CEO of Home Capital Group Inc., stated,
"This increase reflects Home Capital's continued strong performance and
earnings growth."
    The above-mentioned dividend on the Common Shares is designated as an
"eligible" dividend for the purposes of the Income Tax Act (Canada) and any
similar provincial legislation.

    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.

For further information:

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

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