Werba Reinhard Holdings Ltd.

March 13, 2008 12:27 ET

Werba Reinhard Updates Plans to Make an Offer to Purchase All Loring Ward Shares

SAN JOSE, CALIFORNIA and TORONTO, ONTARIO--(Marketwire - March 13, 2008) - Werba Reinhard Holdings Ltd. ("WRH"), a wholly-owned subsidiary of Werba Reinhard, Inc. ("WRI"), wishes to provide an update to its announcement on February 14, 2008 concerning its plans to make an all cash take-over bid (the "Proposed Offer") for all of the outstanding common shares (the "Shares") of Loring Ward International Ltd. ("LWI" or "Loring Ward") at an offer price of C$13.75 per Share.

If the Proposed Offer were initiated now, it would be an "insider bid" under applicable securities regulation due to WRH holding more than 10% of the Shares (approximately 21.2% as previously announced). Although WRH believes an exemption is available from the requirement to prepare a valuation, based on representations made to date by both WRH and LWI, a hearing panel of the OSC would be required to determine whether such an exemption is available. WRH believes that such a hearing would be expensive and not in the best interests of LWI shareholders. Additionally, WRH has been unable to reach a compromise with the LWI board for WRH to receive financial and other information in connection with setting the consideration in its Proposed Offer.

Therefore, WRH has decided not to proceed with the Proposed Offer at this time. Instead, WRH intends to mail to the shareholders of Loring Ward a dissident circular (the "Dissident Circular") in connection with the annual meeting (the "Annual Meeting") of shareholders of Loring Ward which must be held prior to June 30, 2008.

In the Dissident Circular, WRH will nominate a slate of directors to replace LWI's management nominees. If the slate of directors proposed by WRH is elected so that WRH's nominees control the board of directors of LWI, WRH will expect to have access to financial and other information that it has been refused to date and it will launch a fully compliant offer within 90 days of its nominees being elected. This offer will be for a minimum of C$13.75 per LWI share with a potential to increase that price once WRH has concluded its due diligence. The offer will be subject only to conditions that are customary to transactions of this nature, including receipt of required regulatory consents and approvals, the absence of material litigation and no material adverse change having occurred in the business of LWI.

About Loring Ward International

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.

About Werba Reinhard Holdings Ltd.:

WRH, through its shareholders Eli Reinhard and Alan Werba, is believed to be the largest beneficial shareholder of LWI. WRH believes in the continued simplification of the Loring Ward business to better optimize the service and solutions to the financial advisors Loring Ward serves throughout the U.S.

Forward Looking Statements

This press release contains "forward-looking statements" that are subject to a number of risks and uncertainties, many of which are beyond WRH's control, that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. All forward-looking statements speak only as of the date of this press release. WRH undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. There can be no assurance that any transaction between WRH and Loring Ward will occur.

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