Financial Highlights

• Surplus earnings before member dividends reached $273 million in the fourth quarter of 2007 and $1,101 million for the whole year 2007.
• At $592 million, provision for dividends was up $109 million or 22.6% in 2007.
• The caisse network turned in an excellent financial performance with surplus earnings before dividends for 2007 ahead by 28% over 2006.
• The Tier 1 capital ratio is still one of the best in the industry.
• Return on equity amounted to 12.3% in 2007, compared to 12.1% in 2006.
• The productivity ratio improved due to better cost control and a sharp increase in operating income.
• Assets grew 11.6% to $144.1 billion.
• Desjardins Funds set a sales record at $1.9 billion, up 63% over 2006, bringing total assets to $12.2 billion.

Key Accomplishments in 2007

• Achieved and even exceeded most of the objectives in the 2006-2008 Strategic Plan;
• Generated excellent profitability with a $113 million or 11.4% increase in surplus earnings before member dividends despite the difficult financial markets environment in the second half of 2007;
• Remained a dominant player in Québec with a market share of 39.2% in residential mortgages, 42.5% in farm credit and 44.1% in personal savings at year-end;
• Made significant strides in Canada-wide development by, among other things, concluding a transaction that brought Northwest Funds and Ethical Funds together in a strategic partnership and by developing the group insurance business through Desjardins Financial Security;
• In January 2007 opened Carrefour Desjardins and the Desjardins Mid-Market Business Centre in Greater Montréal;
• Productivity ratio improved by 2.3% as a result of better cost control and a sharp increase in operating income, particularly in the caisse network;
• Achieved $175 million in financial and operational synergies across the Group, beating the objective by a wide margin; and
• Continued with the mortgage securitization program, which has raised nearly $3 billion since September 2005.

For complete information, please visit: www.desjardins.com and click on News Room and then Press Releases.