Excel Funds Management Inc.

Excel Funds Management Inc.

November 26, 2007 12:38 ET

CIBC Excel India and China Deposit Notes Already Exceeds 65% of Maximum Offer Size

TORONTO, ONTARIO--(Marketwire - Nov. 26, 2007) - Excel Funds is pleased to announce that the CIBC Excel India and China Deposit Notes (the "Notes") launched in early November in conjunction with Canadian Imperial Bank of Commerce (CIBC) have already exceeded 65% of the maximum offer size. The Notes are eligible for registered plans and are available through most financial advisors until December 14, 2007 (unless the Notes' $40 million maximum offer size is reached prior to that date). The Notes are the first principal protected investment product in Canada linked to the Excel India Fund and Excel China Fund (the "Funds") that benefit from actively managed investment portfolios in India and China. The Notes provide investors with the potential for up to 150% exposure to Excel India Fund and Excel China Fund within a principal protected investment product. The issue price is $100 per Note, with a minimum investment of $5,000. The Notes offer 100% principal protection provided by CIBC at maturity.

The investment objective of each Fund is to seek long-term growth of capital. A dynamic allocation strategy employed by the Notes provides increased exposure to the Funds during periods of strong performance and reduced exposure to the Funds during periods of weak performance. The investment portfolio underlying the Excel India Fund is managed by Birla Sun Life Asset Management Company Limited based in Mumbai, India. The Excel China Fund is managed by Hamon Asset Management Limited based in Hong Kong, China.

The complete terms of the offering are set out in the information statement dated September 28, 2007, that can be obtained by investors from their advisors. Further information about the Notes can also be found at www.excelfunds.com and www.cibcnotes.com.

Founded in 1996, Excel Funds is a specialized fund management company that focuses on investment opportunities in emerging markets. Excel Funds manages award winning mutual funds; including the Excel India Fund, Excel China Fund, Excel Chindia Fund, Excel Income and Growth Fund and a TSX-listed closed end fund Excel India Trust.

CIBC is a leading North American financial institution with more than 11 million personal banking and business customers. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world.

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