Vector Reaches Annualized Premiums Of $200 Million With 4 New Acquisitions.

TORONTO--(BUSINESS WIRE)--Oct. 16, 1997--Vector Intermediarie(Alberta Stock Exchange VTE.) Vector Intermediaries Inc. (Vector)(ASE "VTE") today announced that it has entered into agreements to purchase four additional brokerages which will bring total annualized premiums to approximately $200 million. Following the completion of all these transactions, Vector Intermediaries Inc. will operate from 50 offices in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia and New Brunswick.

Vector also announced that it has completed the acquisition of seven additional brokerages. Joining the Vector Insurance Network in Alberta are Garnett-Dadswell Insurance Services, Dadswell-Forster Insurance Services, Quigley Hunt Insurance, KDM Sterling Insurance, Ted Sherback & Associates and Wiseman Coupland Insurance. In Ontario, Vector welcomes F. Pigeon & Sons Insurance Brokers Ltd.

Vector would like to welcome Mr. Bruce Dadswell, Mr. Bill Klasky, Mr. Ted Sherback, Mr. George Lidster, Mr. Florent Pigeon, Mr. Dan Pigeon and Mr. Jean Pigeon, as well as all their staff to the Vector Insurance Network.

Save-Smart Insurance & Financial Services Inc. ("Save-Smart"), a Vector subsidiary, has opened 6 additional locations in Wal-Mart stores in Ottawa, Calgary, Medicine Hat, Grande Prairie, Winnipeg and Brandon. Save-Smart now operates from 17 location in Alberta, Manitoba, Ontario and Quebec, with plans to open an additional 5 locations before the end of the year.

Vector is a Canadian Company that distributes products and services that relate to the insurance industry. It also delivers personal lines property and casualty and life insurance through the Internet. -0- The Alberta Stock Exchange has neither approved or disapproved the information contained herein.

CONTACT: Vector Intermediaries Inc.

Philip Bookalam FIIC,FCA, 416/223-2411

http://www.vector.ca