Implications of AIG's Woes

Scotia Capital, 19 September 2008Great-West Lifeco Discloses AIG ExposureEvent� This morning GWO disclosed what we believe to be very manageable LEH and AIG exposure.What It Means� In total we estimate LEH and AIG exposure will amount to a $0.14 EPS hit for GWO (versus $0.16-$0.18 for MFC, $0.44 for SLF, and $0.05 for IAG).� GWO's $101 million LEH bond exposure, with a 75% write-down assuming