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Press release from CNW Group

POWER FINANCIAL MAKES AVAILABLE 2010 FINANCIAL INFORMATION IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS

Friday, April 29, 2011

POWER FINANCIAL MAKES AVAILABLE 2010 FINANCIAL INFORMATION IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS18:08 EDT Friday, April 29, 2011MONTREAL, April 29 /CNW Telbec/ - Power Financial Corporation (TSX: PWF) today made available its 2010 financial information reflecting the adoption of International Financial Reporting Standards (IFRS), which replaced Canadian Generally Accepted Accounting Principles effective January 1, 2011. The 2010 financial information entitled "Power Financial Corporation - Adoption of International Financial Reporting Standards" is available on the Corporation's website at http://www.powerfinancial.com/investors.Power Financial's unaudited interim consolidated financial statements for the quarter ended March 31, 2011 will be prepared in accordance with IFRS and will be released on May 12, 2011.Power Financial Corporation is a diversified management and holding company with interests, directly or indirectly, in companies in the financial services sector in Canada, the United States and Europe. It also has substantial holdings in a diversified industrial group based in Europe. Power Financial Corporation is a member of the Power Corporation group of companies.For further information: Mr. Edward Johnson Senior Vice-President, General Counsel and Secretary 514-286-7400