May 29, 1997

Dyoll Group Limited

Dyoll Gp. Ltd., certain of its stockholders, Dyoll Life Ltd. and FINSAC Ltd. proposed to sign an agreement whereby FINSAC Ltd. is to subscribe for 16,144,254 ordinary stock units of

CIBC W.I. Holdings – Dividend Recommended

The Board of Directors will meet on May 29, 1997 to consider inter alia, a recommendation for the payment of an interim dividend to the shareholders of the company.