CANADA LIFE FINANCIAL CORPORATION
MATERIAL CHANGE REPORT
Section 118(1) of theSecuritiesAct (Alberta)
Section 85(1) of theSecuritiesAct (British Columbia)
Section 76(2) of theSecuritiesAct (Newfoundland)
Section 81(2) of theSecuritiesAct (Nova Scotia)
Section 75(2) of theSecuritiesAct (Ontario)
Section 84(1) of theSecuritiesAct (Saskatchewan)
| 1. | Reporting Issuer | |
| Canada Life Financial Corporation 330 University Avenue Toronto, Ontario M5G 1R8 Tel: (416) 597-1440 | ||
| 2. | Date of Material Change | |
| February 5, 2003 | ||
| 3. | Media Release | |
| The material change was announced in a media release transmitted on February 5, 2003 through Canada Newswire. | ||
| 4. | Summary of Material Change | |
| “Canada Life Reports Record Results — 2002 Net Income Increases 43% over 2001” | ||
| 5. | Full Description of Material Change | |
| See exhibit 99.1 attached to this filing. | ||
| 6. | Reliance on Confidentiality Provisions of Securities Legislation | |
| Not applicable. | ||
| 7. | Omitted Information | |
| Not applicable. | ||
| 8. | Senior Officer | |
| Patrick Crowley, Executive Vice-President & Chief Financial Officer of Canada Life Financial Corporation, is knowledgeable about the material change described in this report and can be reached at 416-597-1440, ext. 5520. | ||
| 9. | Statement of Senior Officer | |
| The foregoing accurately describes the material change described herein. |
DATED at Toronto, Ontario, this 5th day of February 2003.
| CANADA LIFE FINANCIAL CORPORATION |
| “Patrick Crowley” (Signed) Patrick Crowley Executive Vice-President & Chief Financial Officer |
