Correcting...In the News release transmitted earlier today for FCMI Financial Corporation an error occurred in the second paragraph.

TORONTO--(BUSINESS WIRE)--Feb. 26, 1997--(TSE  FCM.A. FCM.B.)

The correct and complete release follows. CORRECTION: FCMI

Financial Corporation Announces Third Quarter Results

FCMI Financial Corporation announced today that, for the nine months ended December 31, 1996, the Company's profit was $2,860,000 or $0.47 per share on revenue of $6,643,000 compared with a net profit of $2,268,000 or $0.38 per share on revenue of $5,467,000 for the previous year.

For the three months ended December 31, 1996, the Company's profit was $414,000 or $0.07 per share on revenue of $2,518,000, compared to a profit of $931,000 of $0.16 per share on revenue of $1,521,000 for the previous year.

The Company has discontinued the payment of quarterly dividends. -0-

For the nine-month period to:   31 DECEMBER 96   31 DECEMBER 95
                                --------------   --------------

Revenue                          $6,643,000       $5,467,000
Net Profit -
continuing operations            $1,309,000       $2,017,000
Net Profit                       $2,860,000       $2,268,000
Net Profit per share -
continuing operations            $    0.21        $    0.34
Net Profit per share             $    0.47        $    0.38


For the three-month period to:  31 DECEMBER 96   31 DECEMBER 95
                                --------------   --------------

Revenue                          $2,518,000       $1,521,000
Net Profit -
continuing operations            $  414,000       $  824,000
Net Profit                       $  414,000       $  931,000
Net Profit per share -
continuing operations            $    0.07        $    0.14
Net Profit per share             $    0.07        $    0.16

CONTACT: FCMI Financial Corporation

Enrique Fenig, 416/364-1171

416/364-0572 (FAX)