LFE Canadian Life Companies Split Corp

Canadian Life Companies Split Corp. ("CLC Split") announces its semi-annual financial results for the six months ending May 31, 2009.

The six month period ending May 31, 2009 was one of the most tumultuous periods in financial market history. Against this backdrop, the market prices of the Canadian life insurance companies in the portfolio mirrored this activity reaching lows in early March but recovering significantly by the end of May. The net asset value as at May 31 ended $0.69 higher to $15.35 per unit over the six month period. Preferred shareholders received distributions at the monthly targeted rates. As a result of the net asset value remaining below $15 for most of the period, no distributions were made to Class A shareholders. However, subsequent to the end of the period, Class A distributions had resumed as the net asset value per unit had increased beyond the $15 threshold.

CLC Split invests primarily in a core portfolio of four publicly traded Canadian life insurance companies as follows: Great-West Life, Industrial Alliance, Manulife Financial and Sun Life Financial. Shares held within the portfolio are expected to range between 10-30% in weight but may vary at any time.

Selected Financial Information from the Statement of Financial Operations:
For the six months ending May 31, 2009

                                                                ($ Millions)
Income                                                                3.578
Expenses                                                             (0.607)
                                                                      -----
Net investment income                                                 2.971
Realized option premiums and gain (loss) on
 sale of investments                                                 (6.840)
Change in unrealized depreciation of investments                     (0.027)
                                                                      -----
Decrease in net assets from operations before distributions          (3.896)

Comparative financial information is available in documents filed on www.sedar.com.

Contacts: Canadian Life Companies Split Corp. Investor Relations 416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372) www.lifesplit.com