Vector Announces Further Acquisitions.

TORONTO--(BUSINESS WIRE)--July 25, 1997--(Alberta Stock Exchange VTE. ) Vector Intermediaries Inc. (Vector) (ASE "VTE") announces it has agreed to acquire five (5) general insurance brokerages with 10 offices, having a premium volume of approximately $35 million.

Vector recently announced it had agreed to acquire seven (7) additional general insurance brokerages. Following the completion of all these transactions, Vector Intermediaries Inc. will operate from 43 offices in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Nova Scotia and New Brunswick, with total annualized premium of over $155 million.

Vector also continues to pursue non acquisition growth opportunities and recently reached an agreement with Green Line Investor Services to offer Home and Automobile Insurance to Green Line's 500,000 clients.

Vector has completed the acquisitions of Charlton Insurance Agencies, a Property and Casualty ("P&C") insurance broker operating in Burnaby, British Columbia and Saskatoon Agencies Inc., operating in Saskatoon, Saskatchewan.

Vector also announces that its subsidiary Save-Smart Insurance and Financial Services Inc., has opened 3 more locations, bringing the total to seven (7) stores. Save-Smart currently operates in Ontario and Quebec, with thirteen (13) more stores opening across Canada by year end.

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-

NOTE TO EDITORS: The Alberta Stock Exchange has neither approved or disapproved the information contained herein.

CONTACT: Vector Intermediaries Inc. - Toronto

Philip Bookalam, 416/223-2411

http://www.vector.ca

or

Vector Intermediaries Inc. - Toronto

Terry McCrae, 416/223-2411

http://www.vector.ca