PWC Capital Inc. Announces New Debt Financing

Dateline City:

LONDON, Ontario

PWC Capital Inc. (TSX:PWC) (the “Company”) announced today that it has entered into a $6 million loan agreement with 340268 Ontario Limited (the “Lender”) replacing and increasing a prior $2.8 million loan made to the Company by the Lender, which was scheduled to mature on February 16, 2016.

The new loan has a maturity date of January 1, 2017 and an interest rate of 7.5% per annum. The new loan is secured by a pledge of 1,500,000 common shares of Pacific & Western Bank of Canada (TSX: PWB) owned by the Company. The proceeds from the new loan will be used for general corporate purposes.

FORWARD-LOOKING STATEMENTS

This news release may contain forward-looking statements that are based on current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. The Company is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.

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