Pacific & Western announces construction financing for Saskatoon public schools

    LONDON, ON, March 19 /CNW/ - David Taylor, President & C.E.O. of Pacific
& Western Credit Corp. (TSX:PWC), is pleased to announce that Pacific &
Western Credit Corp.'s wholly owned subsidiary, Pacific & Western Bank of
Canada, has recently agreed to provide construction financing to Saskatoon
Public Schools. The construction financing will be used for the construction
of a new high school called Tommy Douglas Collegiate, which is set to open in
September, 2007.
    Mr. Taylor stated that, "We are pleased to provide financing for the
construction of a new high school in the City of Saskatoon. This is a good
example of our ability to provide financing solutions to public sector
entities including hospitals, municipalities and school boards, and in this
case in a city where we have a deep and long standing commitment."

    Pacific & Western Bank of Canada is wholly owned by Pacific & Western
Credit Corp., whose shares trade on the TSX under the symbol PWC.

For further information:

For further information: Investor Relations: Bruce Schruder, Vice
President, Investor Relations & Marketing, (800) 244-1509,; Public Relations & Media: Tel Matrundola, Vice
President, Public & Strategic Initiatives, (416) 203-0882,;
To receive company news releases via e-mail: Karen McConnell, (519) 675-4204,; Further information on PWC is available through Pacific &
Western's corporate web site at

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