Shareholder Disagreement with Realization Strategy

NEW YORK, NEW YORK--(Marketwire - May 6, 2011) - CDJ Global Catalyst LLC ("CDJ"), a shareholder of C. A. Bancorp Inc. ("CA"), further announces its disagreement with CA's proposed Realization Strategy (as such term is defined in CA's public disclosure record). Shareholders of C.A. Bancorp Canadian Realty Finance Corporation ("CRFC") approved a transaction resulting in the sale of CA's 31.6% interest in CRFC, as well as its management contract for this entity, as disclosed in a May 5, 2011 CRFC press release. This sale by CA is being made at a material discount to the book value of CRFC (as published by CRFC) and at a substantial discount to what CDJ believes to be the intrinsic value of this 31.6% holding and management contract. This sale by CA represents a continuation of CA's Realization Strategy.

The Realization Strategy has never been taken to the shareholders of CA for their formal, express approval. It has been implemented by a Board of Directors that, since the completion of CA's substantial issuer bid on December 18, 2010, has no meaningful financial stake in the CA. CDJ has previously publicly voiced its opposition to the Realization Strategy and is aware of other shareholders who are like-minded in their opposition to the Realization Strategy. As such, CDJ is of the view that CA's Board of Directors has no mandate for the continuation of the Realization Strategy.

CA announced that it will be holding an annual and special Meeting of shareholders on June 29, 2011. As a holder of ownership, direction or control of an approximate 16% interest in CA, CDJ is hereby strenuously requesting that CA's Board of Directors seek shareholder approval for the continuation of the Realization Strategy at the June 29, 2011 shareholders' meeting. Furthermore, until the Realization Strategy is formally approved by the shareholders of CA, CDJ believes it would be inappropriate for CA to enter into any other binding sales of its remaining existing assets, complete any previously-announced dispositions, or undertake any other capital reduction actions (including another substantial issuer bid or the payment of dividends).