Mr. Kevin Smith reports

HOME CAPITAL ANNOUNCES RESIGNATION OF JIM KEOHANE FROM BOARD

Jim Keohane has resigned from the boards of Home Capital Group Inc. and Home Capital's subsidiaries, Home Trust and Home Bank.

Mr. Keohane is president and chief executive officer of the Healthcare of Ontario Pension Plan (HOOPP), which today agreed to provide a $2-billion line of credit to Home Trust.

Mr. Keohane advised the company today that due to the transaction, it would no longer be appropriate for him to serve as a director given the potential conflicts that might arise from the new relationship.

"We thank Jim for his service and the insights he brought to the board," said Kevin Smith, chairman of Home Capital Group. "We are sorry to see him go, but we all understand the importance of avoiding the potential for future conflicts given the important business arrangement we announced today with HOOPP."

For that reason, Mr. Smith has also advised HOOPP that he will no longer serve as a director of the pension plan.

The company will announce plans to deal with the resulting vacancy on the Home Capital board in due course.

About Home Capital Group Inc.

Home Capital Group is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of insured residential mortgage products, consumer lending and credit card services. In addition, Home Trust offers deposits through brokers and financial planners, and through its direct-to-consumer deposit brand, Oaken Financial. Home Trust also conducts business through its wholly owned subsidiary, Home Bank.