5Banc Split Inc.

5Banc Split Inc.

January 12, 2007 09:42 ET

5Banc Split Inc. Announces Issuance of Additional Class B Capital Shares and Class B Preferred Shares

TORONTO, ONTARIO--(CCNMatthews - Jan. 12, 2007) - 5Banc Split Inc. (the "Company")(TSX:FBS.B)(TSX:FBS.PR.B) is pleased to announce that it has completed the issuance of an additional 100,000 Class B Capital Shares (the "Capital Shares") and 100,000 Class B Preferred Shares (the "Preferred Shares") at prices of $10.00 per Capital Share and $10.00 per Preferred Share pursuant to the exercise of the over-allotment option granted to the Company's agents in its recently completed offering of Capital Shares and Preferred Shares. All together, the Company has raised total gross proceeds of $282 million under the offering. The Capital Shares and the Preferred Shares were offered to the public by a syndicate of agents led by TD Securities Inc. and Scotia Capital Inc.

The Capital Shares and the Preferred Shares are listed on the Toronto Stock Exchange under the symbols FBS.B and FBS.PR.B, respectively.

5Banc Split Inc. was established to generate dividend income for the preferred shares while providing holders of the capital shares with a leveraged opportunity to participate in capital appreciation from a portfolio of common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank.

Information concerning 5Banc Split Inc. is available on its website at www.tdsponsoredcompanies.com.

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