Loring Ward International Ltd.
TSX : LW

Loring Ward International Ltd.

April 13, 2007 12:29 ET

Loring Ward Reports Record Assets Under Management

WINNIPEG, MANITOBA--(CCNMatthews - April 13, 2007) - Loring Ward International Ltd. (the Company) (TSX:LW) announced today that its total assets under management increased to $5.0 billion at March 31, 2007, an increase of $356 million or 7.6% from the $4.7 billion at December 31, 2006, and an increase of $1.1 billion or 30.1% from the $3.9 billion at March 31, 2006.

As of March 31, 2007, Loring Ward Advisor Services, the Company's turnkey asset management program, assets increased to $4.7 billion, a $395 million or 9.1% increase over the $4.3 billion at December 31, 2006, and a $1.3 billion or 37.6% increase from the $3.4 billion at March 31, 2006. Net new assets were $278 million in the first quarter of 2007, a Company record at nearly double the net new assets in the first quarter of 2006 of $145 million. The number of independent advisors working with Loring Ward reached 657, an increase of 27 for the quarter, and the number of client accounts reached 19,801, an increase of 1,323 for the quarter - both Company records.

In Loring Ward Capital Management, the Company's private client business, assets totaled $326 million at March 31, 2007, a decrease of $39 million or 10.7% from $365 million at December 31, 2006, and a decrease of $124 million or 27.6% from $450 million at March 31, 2006. This decline is consistent with the previously disclosed transfer away from the Company by clients of the divested New York-based Business Management practice.

"We are pleased with the new records we have achieved within Loring Ward Advisor Services for assets, accounts, and advisors," said Robert Herrmann, Chief Executive Officer of Loring Ward International Ltd. He added, "But we are only three months into this new period in the Company's transformation now focused on asset management and advisor services. Our efforts are now dedicated to accelerating growth while continuing to manage expenses."

For certain information on the Company's historical growth trend of assets under management, new client accounts and new advisors, please visit the following link to the Company's website http://www.loringward.com/Version2/monthlyReports/MarchAssetReporting.pdf.

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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