Werba Reinhard Holdings Not to Proceed with Unsolicited Offer

    NEW YORK, March 13 /CNW/ - Loring Ward International Ltd. ("Loring Ward"
or the "Company") (TSX: LW) announced today that it has been advised that
Werba Reinhard Holdings Ltd. (WRH) has decided not to proceed at this time
with its proposed unsolicited offer to acquire all outstanding shares of
Loring Ward.
    The Company confirmed that it intends to continue to consider alternative
proposals from interested parties. There is no assurance that any such
transaction will result or, if one does, as to the terms or conditions
    Loring Ward once again invites WRH to sign the required form of
confidentiality and standstill agreement, as all other interested parties have
done in order to get access to confidential information during the current

    About Loring Ward

    Loring Ward International Ltd. provides in its core business a turnkey
asset management program to some of America's most knowledgeable and
successful investment advisors and their clients. These services include
investment strategies and products, back office operational processing,
education and training, and business development support. The Company's U.S.
corporate offices are headquartered in New York. For more information, please
visit www.loringward.com.
    The Company, in the ordinary course of its business, may explore
potential proposals or be the recipient of proposals with respect to strategic
opportunities and transactions, which may include strategic joint venture
relationships, significant debt or equity investments in or by the Company,
the acquisition or disposition of material assets or business lines, mergers,
new products or services, new distribution methods and other similar strategic
opportunities or transactions. The Company's policy is generally not to
publicly disclose the pursuit of a potential strategic opportunity or
transaction unless and until a definitive binding agreement is reached. The
public announcement of such matters could potentially materially affect the
price or value of the Company's securities. As a result, there can be no
assurance that investors who buy or sell the Company's securities are doing so
at a time when the Company is not pursuing a particular strategic opportunity
or transaction that, if publicly disclosed, could materially affect the price
or value of the Company's securities.

    Information in this news release that is not current or historical
factual information may constitute forward-looking information within the
meaning of securities laws. Forward-looking statements may include those
relating to the Company's objectives and strategies, as well as statements of
our beliefs, plans, expectations and intentions. Implicit in this information
are assumptions, future revenues and expenses, economic conditions, and the
results of a pending lawsuit involving the Company, as well as our business
strategy, expectations, intentions, and other matters. These assumptions may
prove to be incorrect, and actual outcomes and results, including the future
operating results and economic performance of the Company, may differ
materially from the results discussed in the forward-looking statements
because of many factors, including those discussed in this press release and
in our other public filings. For more information on these risks and
uncertainties you should refer to our detailed Financial Statements and
Management's Discussion and Analysis, as well as a broader description of
certain challenges and risks facing the Company, all of which is available at
www.sedar.com. In particular, Werba Reinhard Holdings Ltd. may not proceed
with its announced course of action, and value-enhancing alternatives may not
result. Forward-looking information contained in this news release is based on
our current estimates, expectations and projections, which we believe are
reasonable as of the current date. You should not place undue importance on
forward-looking information and should not rely upon this information as of
any other date. The Company disclaims any intention or obligation to update
the information in this press release or revise any other forward-looking
statements, whether as a result of new information, future events or
otherwise, except as expressly required by law.

For further information:

For further information: Robert Herrmann, Phone: (212) 907-8080, E-mail:

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