Renasant Financial Partners Ltd.

Renasant Financial Partners Ltd.

June 01, 2006 16:49 ET

Renasant Reports Settlement

MISSISSAUGA, ONTARIO--(CCNMatthews - June 1, 2006) - Renasant Financial Partners Ltd. (TSX:REN) announced today that it has settled its litigation with the Municipality of Leamington and the Towns of Kingsville, Essex and Lakeshore in relation to the financing of the Union Water system. This settlement extinguishes a claim for $75 million in damages, and requires the Corporation to make a payment of approximately $8.8 million, which is within the financial reserves established by the Corporation in its prior financial statements.

Renasant is an innovative financial services provider and equipment trading organization. Based in Mississauga, Ontario, Renasant operates throughout North America and Europe.

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