Scott Clark Resigns from EGI Financial Board of Directors

TORONTO, Oct. 1, 2013 /CNW/ - EGI Financial Holdings Inc. ("EGI" or "the Company") (TSX: EFH), which operates in the property and casualty insurance industry in Canada and Europe, today received the resignation of Scott Clark as a director of the Company. Scott is the President and CEO of Covington Capital Corporation, which recently divested all of their shares in EGI.

"Scott has been an important contributor to the Board since Covington first invested in EGI in 2002," commented Rob Purves, Chairman of EGI.  "His talents and insight will be missed."

"EGI has been a solid investment for Covington," Scott Clark stated.  "I'd like to thank the Board and Management for generating an excellent return to our shareholders."

EGI does not intend to fill the vacancy on its Board at this time.

About EGI Financial

Founded in 1997, EGI Financial operates in the property and casualty insurance industry in Canada and Europe, primarily focusing on non-standard automobile insurance and other specialty insurance lines.

SOURCE: EGI Financial Holdings Inc.

Kathy Shulman
Investor Relations Manager
905-214-7880
[email protected]
www.egi.ca