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.

Contacts: 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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