Mawer International Equity/World Investment Fund - Announcement of Upcoming
Change in Co-Managers

CALGARY, Sept. 29 /CNW/ - Effective March 31, 2010, Gerald Cooper-Key, co-manager of the Mawer World Investment Fund, will withdraw from day-to-day activities as co-manager of the Fund and Mawer's other international equity mandates.

This change reflects Gerald's desire to change his focus at this stage of his career. While he will no longer be co manager of the Mawer World Investment Fund after March 31, 2010, Gerald will continue to maintain an active role with the Firm, providing broad input into all of Mawer's global/international asset management as Chair of Mawer's Global Equity working group. In addition, Gerald will continue as an owner, Director and Honorary Chairman. The Global Equity working group is being formed in conjunction with the upcoming launch of Mawer's Global Equity mandate and will provide co-ordination and input across Mawer's global/international large and small cap mandates.

David Ragan will continue as co-manager of the Mawer World Investment Fund. David has been working closely with Gerald on Mawer's international equity mandates including the World Investment Fund since joining Mawer in 2004, and has been co-manager since 2007.

In addition, Jim Hall, Mawer's Director of Research, is joining David Ragan as co-manager of the World Investment Fund. Jim brings over 15 years of investment experience, including 12 years with Mawer, to his role as co-manager of international equities. As Director of Research since 2004, Jim has provided oversight on all asset classes and brings a wealth of knowledge to the international equity team. David and Jim are supported by the full team of fifteen portfolio managers and analysts in Mawer's Research department. The increasing depth of the Mawer Investment Management research team and the consistency of the investment approach across all asset classes will enable this transition to be both professional and seamless.

Mawer has been managing portfolios for individual and institutional investors for over thirty-five years. Today, Mawer manages in excess of $5.5 billion, including over $2 billion in global equities. The Firm is one of Canada's most experienced investment counsellors.

SOURCE Mawer Investment Management Ltd.

For further information: For further information: Jamie Hyndman, CFA, Director of Marketing, Mawer Investment Management Ltd., (403) 267-1974

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