(December 3 -11:40 ET)- The Great-West Life Assurance Company announced that at a special meeting today the common shareholders and participating policyholders confirmed a by-law amendment consolidating the GWL common shares on the basis of one new GWL common share for each 5,000 common shares currently issued and outstanding.

The consolidation will not be effective until approved by the Superintendent of Financial Institutions in accordance with the Insurance Companies Act (Canada). After the consolidation becomes effective, all outstanding GWL common shares will be held by Great-West Lifeco Inc.

-IE Staff

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