Loring Ward International Ltd.

Loring Ward International Ltd.

August 24, 2006 16:26 ET

Loring Ward Reports Second Quarter Results

WINNIPEG, MANITOBA--(CCNMatthews - Aug. 24, 2006) -

Note to reporters and editors: Loring Ward's Investor conference call will be Webcast on www.ccnmatthews.com/LoringWardQ22006 Friday, August 25 at 11:00 a.m. ET. Please join us and log on five minutes before the call.

Loring Ward International Ltd. today released its financial results for the second quarter ended June 30, 2006.

Second Quarter Financial Highlights

The results for the three months ended June 30, 2006 reflect net income of $1.1 million, an improvement of $0.6 million or 107.5% over the corresponding period for 2005. Earnings per share for the quarter grew to $0.12, representing an increase of 103.2% over the prior year. These results were caused primarily by improvements in the Company's Asset Management & Advisory Services segment, mainly due to a 38% increase in client assets under management in combination with expense control achievements resulting in operating margin of 24.5% vs. 15.3% in the prior year. Results also include the following as compared to the second quarter of 2005 (all figures referenced are in U.S. Dollars):

- Client assets under management totaled $4.0 billion, up $1.1 billion or 38%;

- Revenue was $18.9 million, a decrease of $0.2 million or 1.2 %. While revenue from the Asset Management & Advisory Services segment increased $2.1 million or 26.1%, revenue from the Business & Financial Management segment decreased $0.7 million or 8.1% and revenue from the Sports Representation segment declined $1.6 million or 68.8% as a result of the Company reducing its involvement in this segment in 2005;

- Corporate costs were $2.4 million, a reduction of $0.8 million or 26.1%;

- Operating income decreased by $1.4 million or 26.2%. The $1.2 million or 101.8% increase in operating income from the Company's Asset Management & Advisory Services segment was more than offset by reduced operating income in the Business & Financial Management segment, as well as the Sports Representation segment as a result of the Company reducing its involvement in this segment in 2005; and

- Included in Other Income is $1.1 million related to a litigation settlement.

Second Quarter Operational Highlights

The primary operational highlights for the second quarter included:

- Appointment of Robert P. Herrmann as Chief Executive Officer and David Rattee, an independent director, as Chairman of the Board of Loring Ward International Ltd. on April 20, 2006;

- Relocation of the Company's headquarters, significantly decreasing future occupancy expense;

- Holding the first Loring Ward Advisor Services Advanced Symposium, an intensive two-day training workshop for top investment advisors, at the headquarters of Dimensional Fund Advisors; and

- Net new investment assets of $212 million, bringing the year-to-date total net new assets to $367 million - the best six-month performance in the Company's history.

"We intend to continue expanding our investment in and focus on our core growth segment, Asset Management & Advisory Services, building on the momentum we are experiencing in this business, while managing down operating expenses and corporate costs." stated Robert Herrmann, Chief Executive Officer of Loring Ward International Ltd.

Stock Exchange Listing

The Company intends to submit an application for listing of its common shares on the Toronto Stock Exchange (TSX). Listing will be subject to meeting the TSX original listing requirements and there can be no assurance that the Company's shares will be listed or, if listed, as to liquidity or trading price.

About Loring Ward

Loring Ward International Ltd. provides wealth and life management services to some of America's most enterprising and successful individuals and families, as well as personalized investment and back office services to over 500 of the most knowledgeable and successful investment advisors across the United States. These services are provided through the Company's two primary businesses - Asset Management & Advisory Services and Business & Financial Management. It is an unlisted Canadian public company with principal operating subsidiaries in California. 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, regularly explores potential 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, 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 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.

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