Loring Ward International Ltd.

Loring Ward International Ltd.

March 21, 2007 16:07 ET

Loring Ward Rejects Acquisition Interest

WINNIPEG, MANITOBA--(CCNMatthews - March 21, 2007) - Loring Ward International Ltd. (the Company) (TSX:LW) announced today that its Special Committee of Directors has reviewed the proposal letter received from Alan Werba Acquisition Corp. (AWAC) expressing intent to make a bid to acquire all remaining outstanding common shares of the Company at a price of CDN $12.00 per share.

The Special Committee has concluded, both from a valuation perspective and in numerous other respects, that the proposal is unattractive, and has sent a response letter to AWAC stating that, in addition to the offer price being unattractive, the required conditions are unacceptable. These conditions include exclusive dealing - denying our shareholders the opportunity to pursue better offers, lack of committed financing, excessive tender conditions, payment of AWAC's deal expenses, key shareholder lock-ups, and waiving of the shareholder rights plan.

Robert Herrmann, Chief Executive Officer of Loring Ward International Ltd., stated, "The Company has been implementing a strategy of focus, growth and profitability designed to unlock and enhance shareholder value in the years ahead. We are not currently seeking buyers or conducting a process to sell the Company. We have achieved a number of important milestones and are confident the plan we are executing is the right one for our shareholders. It has only been a few weeks since the Company has been listed on the Toronto Stock Exchange. We recommend shareholders remain patient and give the marketplace the opportunity to recognize the underlying value of the Company."

About Loring Ward

Loring Ward International Ltd. provides in its core business a turnkey asset management program to some of America's most knowledgeable and successful investment advisors and their clients. These services include investment strategies and products, back office operational processing, education and training, and business development support. The Company's U.S. corporate offices are headquartered in New York. For more information, please visit www.loringward.com.

The Company, in the ordinary course of its business, may explore potential proposals or be the recipient of proposals with respect to strategic opportunities and transactions, which may include strategic joint venture relationships, significant debt or equity investments in or by the Company, the acquisition or disposition of material assets or business lines, mergers, new products or services, new distribution methods and other similar strategic opportunities or transactions. The Company's policy is generally not to publicly disclose the pursuit of a potential strategic opportunity or transaction unless and until a definitive binding agreement is reached. The public announcement of such matters could potentially materially affect the price or value of the Company's securities. As a result, there can be no assurance that investors who buy or sell the Company's securities are doing so at a time when the Company is not pursuing a particular strategic opportunity or transaction that, if publicly disclosed, could materially affect the price or value of the Company's securities.

Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Forward-looking statements may include those relating to the Company's objectives and strategies, as well as statements of our beliefs, plans, expectations and intentions. Implicit in this information are assumptions regarding future revenue and expenses, economic conditions, and the results of a pending lawsuit involving the Company, as well as our business strategy, expectations, intentions, and other matters. These assumptions may prove to be incorrect, and actual outcomes and results, including the future operating results and economic performance of the Company, may differ materially because of many factors, including those discussed in this press release and in our other public filings. For more information on these risks and uncertainties you should refer to our detailed Financial Statements and Management's Discussion and Analysis, as well as a broader description of certain challenges and risks facing the Company, all of which is available at www.sedar.com. Forward-looking information contained in this news release is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company disclaims any intention or obligation to update the information in this press release or revise any other forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

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