IGM Financial Inc.
Other Information

Transactions With Related Parties

IGM Financial enters into transactions with Great-West Life, London Life and Canada Life, subsidiaries of its affiliate, GWL. These transactions are in the normal course of business and at market terms and conditions as described below.

• The Company provided to and received from Great- West Life certain administrative services enabling each organization to take advantage of economies of scale and areas of expertise.
• The Company distributed life insurance and disability insurance products under a distribution agreement with Great-West Life and Canada Life and received $17.8 million in distribution fees (2003 - $17.7 million). London Life distributed certain mutual funds of the Company.
• In order to manage its overall liquidity position, the Company's mortgage banking operation is active in the securitization market and also sells residential mortgage loans to third parties, on a fully serviced basis. During 2004, the Company sold residential mortgage loans to Great-West Life and London Life for $76.9 million compared to $160.7 million in 2003.

Mackenzie entered into an arrangement involving a wholly-owned subsidiary of Mackenzie and an entity managed by Mackenzie to facilitate innovative product enhancements. As part of this arrangement, the parties have the legal right and intent to settle on a net basis certain related party financial assets and liabilities. These assets and liabilities, which totalled $3.7 billion at December 31, 2004 (2003 - $2.2 billion), have been offset and, accordingly, have no impact on the Consolidated Balance Sheets. During the year, Mackenzie earned investment income of $1.8 million (2003 - $0.8 million) and incurred interest expense of $1.8 million (2003 - $0.8 million) related to this arrangement.

For further information on transactions involving related parties, see Notes 5 and 19 of the Consolidated Financial Statements.

Outstanding Share Data

Outstanding common shares of IGM Financial as at December 31, 2004 totalled 264,598,380. As at February 17, 2005, outstanding common shares totalled 264,645,830.

SEDAR

Additional information relating to IGM Financial, including the Company's most recent financial statements and Annual Information Form, is available at www.sedar.com.