Canada Life Financial Corporation has filed a $1.5 billion short form base shelf prospectus with the securities regulators in each Canadian province and territory.

Canada Life Financial Corporation’s wholly owned subsidiary, the Canada Life Assurance Company (CLA) and its wholly owned subsidiary, Canada Life Capital Corporation Inc. (CLCA), will also be covered by the shelf registration.

A registration statement incorporating the base shelf prospectus has been filed with the United States Securities and Exchange Commission under the multi-jurisdictional disclosure system.

The shelf registration will allow CLF to offer its preferred shares and common shares periodically to the public in Canada and the United States. Securities issued by CLA and CLCC under the base shelf prospectus will be guaranteed by CLF. Securities with an aggregate issue price of up to $1.5 billion may be offered under the base shelf prospectus. There are no immediate plans to offer securities under this prospectus.

In the event CLF, CLA or CLCC offers any securities under the base shelf prospectus, the issuer will prepare and distribute a prospectus supplement that includes the specific terms of the designated securities.

CLF, established in 1999, is the holding company for CLA and is traded on the Toronto Stock Exchange under the symbol “CL” and the New York Stock Exchange under the symbol “CLU”.

CLA, Canada’s first domestic life insurance company founded in 1847, has total assets under administration in excess of $62 billion. Headquartered in Toronto, the Company operates in Canada, the United States, the Republic of Ireland, the United Kingdom, Brazil, Germany, Hong Kong and the Caribbean.

CLCC holds all the shares in The Canada Life Group (UK) Limited, a corporation formed under the laws of England, and Canada Life Irish Holding Company Limited, a corporation formed under the laws of the Republic of Ireland. CLCC currently exists only as a financing vehicle for the Canada Life Group.