LFE Canadian Life Companies Split Corp

Canadian Life Companies Split Corp. (the "Company") today announced that it has
exercised the call option on its 2013 Warrants (Symbol: LFE.WT.A) (the
"Warrants"). The call option permits the Company to elect an earlier expiry date
for the Warrants than June 3, 2013.


The expiry date of the Warrants will now be March 27, 2013 (the "New Expiry
Date"). The exercise price for the 2013 Warrants is $12.00. Warrants that are
not exercised prior to 5:00 p.m. (Eastern time) on the New Expiry Date will be
void and of no value.


Warrantholders that wish to exercise Warrants must provide the CDS Participant
holding their Warrants with instructions and the required payment sufficiently
in advance of the New Expiry Date to permit the proper exercise of their
Warrants. CDS Participants will have an earlier deadline for receipt of
instructions and payment.


Additional information regarding the 2013 Warrants is contained in the
Management Information Circular dated March 14, 2012 prepared in respect of the
June 2012 Preferred Share Capital Reorganization, or in the Company's annual
information form dated February 20, 2013 each available on SEDAR at
www.sedar.com or on the Company's website www.lifesplit.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Life Companies Split Corp.
Investor Relations
416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372)
www.lifesplit.com

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