SCEPTRE INVESTMENT COUNSEL LIMITED

SCEPTRE INVESTMENT COUNSEL LIMITED

January 05, 2005 16:43 ET

Sceptre Investment Counsel Acquires Portfolio Risk Optimization Services


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SCEPTRE INVESTMENT COUNSEL LIMITED

TSX SYMBOL: SZ

JANUARY 5, 2005 - 16:43 ET

Sceptre Investment Counsel Acquires Portfolio Risk
Optimization Services

TORONTO, ONTARIO--(CCNMatthews - Jan. 5, 2005) - Sceptre Investment
Counsel Limited (TSX:SZ) is pleased to announce that, effective January
1, 2005, it has acquired Portfolio Risk Optimization Services (PROS).
PROS specializes in utilizing its proprietary technology to deliver risk
based, asset management solutions to pension funds, life insurance and
general insurance companies as well as other liability focused Canadian
financial institutions.

PROS will be operated as a separate division of Sceptre with Greg
Fenton, President and Jean-Francois Lemay, Vice-President continuing to
manage the day to day operations.

Rick Knowles, President & CEO of Sceptre indicated his pleasure in being
able to offer Canadian financial institutions this additional tool in
assessing and managing the risks associated with the specific
liabilities of their operations. "Custom benchmarking based on the
actual liability data of an entity rather than the use of arbitrary
benchmarks is growing in popularity while little expertise exists in
this determination. We are pleased to now be in the forefront of this
new and developing field" stated Mr. Knowles.

Greg Fenton, President of PROS, stated that "he and Jean-Francois are
excited to be teaming up with Sceptre. The Sceptre name and platform
coupled with PROS proprietary technology and process will allow us to
provide clients with unique, customized, fully implemented solutions to
their risk management requirements. Sceptre was chosen from a long list
of potential partners due to its tremendous brand name and reputation
for providing clients with the highest level of quality service and
performance over the long term. We look forward to working with our
colleagues at Sceptre."

About Sceptre Investment Counsel:

Sceptre Investment Counsel is one of Canada's leading independent money
management firms. The company's Pension and Institutional Fund group
manages investment portfolios for a wide range of clients including
corporations, governments, hospitals, charitable foundations,
endowments, universities and unions. Through its Personal Asset
Management group, it also provides a wide range of services including
mutual fund, pooled fund and segregated account management for
individuals. The Company's common shares trade on the Toronto Stock
Exchange under the symbol SZ.

For more information about Sceptre, visit the company's web site at
www.sceptre.ca

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Richard L. Knowles
    President and Chief Executive Officer
    Sceptre Investment Counsel Limited
    (416) 866-2380
    or
    Greg Fenton
    President, PROS division of
    Sceptre Investment Counsel Limited
    (416) 360-4824