North American Financial Group Inc. et al.

FOR IMMEDIATE RELEASE

March 10, 2014

IN THE MATTER OF THE SECURITIES ACT, R.S.O. 1990, c. S.5, AS AMENDED

AND

IN THE MATTER OF NORTH AMERICAN FINANCIAL GROUP INC., NORTH AMERICAN CAPITAL INC., ALEXANDER

FLAVIO ARCONTI AND LUIGINO ARCONTI

TORONTO -- The Commission issued an Order in the above named matter which provides that:

(a) the hearing to determine sanctions and costs, scheduled for March 24, 2014 at 10:00 a.m., is adjourned and shall be held on March 28, 2014 at 10:00 a.m.;

(b) Staff shall file and serve any additional evidence and supplementary submissions on sanctions and costs by March 10, 2014;

(c) the Respondents shall file and serve written submissions on sanctions and costs by March 21, 2014; and

(d) Staff shall file and serve any reply submissions on sanctions and costs by March 26, 2014.

A copy of the Order dated March 10, 2014 is available at www.osc.gov.on.ca.

For media inquiries:

For investor inquiries: