Industrial Alliance to Adopt Advisory Vote on Executive Compensation

    QUEBEC CITY, May 6 /CNW Telbec/ - The Board of Directors of Industrial
Alliance Insurance and Financial Services Inc. ("Industrial Alliance" or "the
Company") today announced during its annual general meeting that it will
provide shareholders with a non-binding, advisory vote on executive
compensation. The first vote will be held at next year's annual meeting.
    "The Board of Directors is pleased to give shareholders the chance to
register their views on all elements of executive compensation," said John
LeBoutillier, Chairman of the Board at Industrial Alliance. "Although the
Company already follows the best practices for compensation and compensation
disclosure, good governance continues to evolve, and Industrial Alliance's
Board is pleased to allow shareholders to express their point of view on
questions important to Company operations."
    Industrial Alliance's annual meeting was held this afternoon at the
Company's head office on the Grande Allée, in Quebec City.

    About Industrial Alliance

    Founded in 1892, Industrial Alliance Insurance and Financial Services
Inc. is a life and health insurance company that offers a wide range of life
and health insurance products, savings and retirement plans, RRSPs, mutual and
segregated funds, securities, auto and home insurance, mortgage loans and
other financial products and services. The fourth largest life and health
insurance company in Canada, Industrial Alliance is at the head of a large
financial group, which has operations across Canada as well as in the Western
United States. Industrial Alliance contributes to the financial wellbeing of
over three million Canadians, employs more than 3,400 people and manages and
administers over $49 billion in assets. Industrial Alliance stock is listed on
the Toronto Stock Exchange under the ticker symbol IAG. Industrial Alliance is
among the 100 largest public companies in Canada.

For further information:

For further information: Jacques Carrière, Vice-President, Investor
Relations, (418) 684-5275, Cell: (418) 576-3624,;

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