Mr. Larry Swets Jr. reports

KINGSWAY EXECUTIVE TO ADOPT 10B5-1 STOCK PLAN

Larry G. Swets Jr., Kingsway Financial Services Inc.'s president and chief executive officer, intends to adopt an automatic stock purchase plan in accordance with Canadian securities regulations and the guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934. Other Kingsway executives may enter into similar trading plans in the future.

Automatic stock purchase plans allow corporate officers and directors to adopt written, prearranged stock trading plans when they are not in possession of material, non-public information. Such plans establish limits for future stock transactions to take place automatically, which may be modified or revoked by the person adopting the plan only under limited circumstances.

We seek Safe Harbor.