EDMONTON, December 12, 2013 – Canadian Western Bank (TSX: CWB) today confirmed the
required approval of shareholders respecting the proposed amendment to CWB’s By-law Three,
permitting an unlimited number of First Preferred shares to be issued, up to an aggregate
consideration of $1.0 billion for all First Preferred shares outstanding at any time. CWB had
reached the maximum number of authorized preferred shares under By-law Three and, prior to
shareholders’ approval of this amendment, was unable to issue additional preferred shares.
The special resolution to amend By-law Three was passed by 99.3% of votes cast by holders of
common shares and 97.0% of votes cast by holders of First Preferred shares, Series 3.
About Canadian Western Bank Group
Canadian Western Bank offers a full range of business and personal banking services across the
four western provinces and is the largest publicly traded Canadian bank headquartered in Western
Canada. The Bank, along with its operating affiliates, National Leasing Group, Canadian Western
Trust, Valiant Trust, Canadian Direct Insurance, Canadian Western Financial, Adroit Investment
Management, and McLean & Partners Wealth Management, collectively offer a diversified range
of financial services across Canada and are together known as the CWB Group. The common
shares of Canadian Western Bank are listed on the Toronto Stock Exchange under the trading
symbol “CWB”. The Bank’s Series 3 Preferred Shares trade on the Toronto Stock Exchange
under the trading symbol “CWB.PR.A”. Refer to www.cwb.com for additional information.
For Further Information Contact:
| Kirby Hill, CFA Vice President, Strategy & Communications Canadian Western Bank Phone: (780) 441-3770 Email: [email protected] |
Tracey Ball, FCA Executive Vice President & CFO Canadian Western Bank Phone: (780) 423-8865 |