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IA Clarington's Target Click Funds Celebrate Four-Years of Performance

TORONTO, March 9 - IA Clarington Investments Inc. ("IA Clarington" or the "Company") today announced that its first four Target Click Funds (the "Funds"), Canada's first guaranteed mutual funds, celebrated their four-year anniversary in February. The Funds are global balanced mutual funds that offer a guarantee of the highest month-end unit value ever achieved by the Fund, if held to the scheduled maturity date.

In accordance with their investment policy, the Funds rebalanced on their anniversary date in February. On this date, the four longer dated Funds significantly increased their respective exposure to global equities.

The annual rebalancing that occurs on their anniversary enables the Target Click Funds to increase their equity exposure if equity markets are low and to take profits if markets have been strong - all while guaranteeing the highest month-end value.

"Not only have the Funds locked in month-end gains numerous times over the past four years, but through their annual rebalancing they have now increased their equity exposure - after a significant market decline - to participate in potential future market growth." said Eric Frape, Senior Vice President, Product and Business Development at IA Clarington. "The rising interest we are seeing in these products strongly reinforces the benefits of this investment strategy, particularly in periods of market volatility such as we've seen recently. They allow investors to invest in the markets and gain equity exposure with increased peace of mind."

The IA Clarington Target Click 2010 Fund was the top-performing fund in its category according to globeinvestor.com for the year ending January 31, 2009. Despite recent turmoil in the stock markets, the Fund has returned an average annual compound rate of return of 2.9% since inception. As well, the Fund has locked in several new guaranteed highs since its inception. The Fund now has a relatively short time remaining to maturity, and as a result it is almost fully invested in fixed income securities, which reduces the probability of the Fund exceeding its current guaranteed value on maturity. All of the other Funds in the Target Click family offer higher levels of equity exposure.

About IA Clarington and the Funds

IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of investment products, including mutual funds, segregated funds, principal protected notes and closed end funds managed by leading portfolio managers. IA Clarington and its subsidiaries managed approximately $5.8 billion in assets as at January 31, 2009.

The IA Clarington Target Click Funds are IA Clarington Target Click 2010 Fund, IA Clarington Target Click 2015 Fund, IA Clarington Target Click 2020 Fund, IA Clarington Target Click 2025 Fund and IA Clarington Target Click 2030 Fund. As of January 31, 2009, the IA Clarington Target Click 2010 Fund had achieved an annual compounded rate of return of 1.3% over one year, 2.6% over three years and 2.9% since its inception in February, 2005. Its ranking in the 2010 Target Date Portfolio category for the same periods, according to globeinvestor.com, were 1st over one year and 2nd over three years.

About the Guarantee

Each of the IA Clarington Target Click Funds (the "Funds") holds fixed income securities issued by the Canadian federal or provincial governments that support payment on the Fund's maturity date of the highest month-end net asset value per unit achieved during the life of the Fund. In normal circumstances, it is expected that this fixed income component would ensure payment of the guaranteed value.

In addition to the fixed income component, Fortis Bank S.A. / N.V. ("Fortis Bank"), the ultimate parent of the Portfolio Advisor to the Funds, has provided a guarantee to each of the Funds that it will pay any shortfall to the Fund if the net asset value of any Fund is less than its guaranteed value at maturity. If such a payment were required to be made, it would be subject to the creditworthiness of Fortis Bank.

Each Fund's maturity date will occur on June 30 of the year specified in the Fund's name. The guaranteed amount will benefit the investors who hold units of the Fund on that maturity date. In some circumstances, the maturity date for a Fund may be accelerated, in which case the Fund will pay the greater of the net asset value on that accelerated maturity date and the net present value of the guaranteed amount, less any applicable redemption charges.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Any indicated rates of return are the historical annual compounded total returns including changes in security value and reinvestment of all distributions/dividends and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not generally guaranteed, their values change frequently and past performance may not be repeated. However, each IA Clarington Target Click Fund has the benefit of the guarantee described above. The information contained above may include estimates, projections and other "forward-looking statements." Actual events may differ substantially from those presented herein. IA Clarington Investments Inc. assumes no duty to update any such forward-looking statements or any other information or opinions in this document. IA Clarington makes no representation that future investment performance will conform to past performance and it should never be assumed that past performance foretells future performance. On July 4, 2007, Clarington Target Click Funds changed their name to IA Clarington Target Click Funds.

The IA Clarington Funds and IA Clarington Target Click Funds are managed by IA Clarington Investments Inc. IA Clarington is a trademark of IA Clarington Investments Inc. and the IA Clarington logo is a trademark of Industrial Alliance Insurance and Financial Services Inc.