CDJ Announces Acquisition of Shares of C.A. Bancorp Inc.

NEW YORK, NEW YORK--(Marketwire - April 27, 2011) - CDJ Global Catalyst LLC ("CDJ") announced that from March 10, 2011 until April 26, 2011, CDJ acquired, for one or more of its managed client accounts in respect of which it exercises sole discretion, an aggregate of 251,400 common shares of C.A. Bancorp Inc. (TSX:BKP) ("CAB") representing approximately 2% of the total issued common shares of CAB. The common shares were purchased for an average price of $2.16.

Combined with the shares held by client accounts in respect of which CDJ exercises sole discretion, CDJ now has control over 1,856,651 common shares, representing approximately 15.1% of the total issued and outstanding common shares of CAB. The common shares were acquired through the facilities of the TSX.

The Offeror purchased the CAB common shares for investment purposes. CDJ acquired the common shares, for one or more of its managed accounts, in the belief that the common shares of CAB were undervalued. A representative of the Offeror has had discussions with CAB's Chief Operating Officer. CDJ has also had discussions with certain members of CAB's board of directors and exchanged correspondence with CAB's board of directors. CDJ intends from time to time to seek to continue to have discussions with representatives of CAB and its investee, C.A. Bancorp Canadian Realty Finance Corporation, (the "Subsidiary").

CDJ strongly disagrees with CAB's proposed Realization Strategy (as such term is defined in CAB's public record), including the proposed sale of its interest in C.A. Bancorp Canadian Realty Finance Corp.

As a result, CDJ may, either alone or with others, consider and/or initiate proposals and/or transactions with a view to enhancing and protecting shareholder value, including the value of its investment to date. Such alternative proposals and/or transactions may include CDJ, either alone or with others, (i) seeking to influence decisions of CAB's management and directors including, without limitation, by seeking representation by membership or through observer status on the board of directors or otherwise; (ii) seeking to add nominees designated by the Offeror to CAB's board of directors, which could include expanding the size of the board of directors and/or removing individuals from CAB's board of directors; and (iii) acquiring some or all of the outstanding securities of CAB or the Subsidiary. Such alternative proposals and/or transactions may also include CDJ supporting others in an alternative proposal and/or transaction.

CDJ may, from time to time and at any time, acquire additional common shares of CAB and/or its Subsidiary and/or other equity securities of the Company or the Subsidiary (collectively, the "Securities") in the open market or otherwise and reserves the right to dispose of any and all of its Securities in the open market or otherwise, at any time and from time to time, and to engage in hedging or similar transactions with respect to the Securities.

At the present time, CDJ does not intend to acquire 20% or more of any class of Securities of the Company or the Subsidiary.