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<title>MARCHI ANNOUNCES TWO NEW APPOINTMENTS TO EDC BOARD </title>
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<p><font face="Courier"></font><font face="Univers" size="+2"></font><font face="Univers" size="+2">May 14, 1998 No. 122</font></p>
<p align="CENTER"><font face="Univers" size="+2">MARCHI ANNOUNCES TWO NEW APPOINTMENTS </font></p>
<p align="CENTER"><font face="Univers" size="+2">TO EDC BOARD </font></p>
<p><font face="Courier">International Trade Minister Sergio Marchi today announced the appointments of
Joy F. Kane of Ottawa and Grace S. White of Dartmouth, Nova Scotia, to the Board
of Directors of Export Development Corporation (EDC). </font></p>
<p><font face="Courier">"These two women bring special knowledge and experience to EDC," said Minister
Marchi. "Their backgrounds in finance and international business are a welcome
addition to the Board."</font></p>
<p><font face="Courier">Ms. Kane is currently Assistant Deputy Minister, International Trade and Finance,
in the federal Department of Finance. She has 20 years' experience as an
economist and a senior public servant in the Government of Canada.</font></p>
<p><font face="Courier">Ms. White, President and CEO of CanJam Trading Ltd., a Canadian-based
international trading company, has been active in business in Atlantic Canada
since 1978. In 1993, she was named Canadian Woman Entrepreneur of the Year in the
International Competitiveness Category.</font></p>
<p><font face="Courier">EDC provides a full range of trade finance services, helping Canadian exporters
and investors to do business in 200 countries, including higher-risk and emerging
markets. Founded in 1944 as a Crown corporation, EDC operates as a commercial
financial institution. It reports to Parliament through the Minister for
International Trade.</font></p>
<p><font face="Courier">These appointments are effective immediately.</font></p>
<p><font face="Courier">- 30 -</font></p>
<p><font face="Courier">Biographical notes are attached.</font></p>
<p><font face="Courier">For further information, media representatives may contact:</font></p>
<p><font face="Courier">Leslie Swartman</font></p>
<p><font face="Courier">Office of the Minister for International Trade</font></p>
<p><font face="Courier">(613) 992-7332</font></p>
<p><font face="Courier">Media Relations Office</font></p>
<p><font face="Courier">Department of Foreign Affairs and International Trade</font></p>
<p><font face="Courier">(613) 995-1874</font></p>
<p><font face="Courier">This document is also available on the Department's Internet site:
http://www.dfait-maeci.gc.ca</font></p>
<p><font face="Univers" size="+1"></font><font face="Univers" size="+1">BIOGRAPHICAL NOTES </font><font face="Courier"></font></p>
<p><font face="Courier"><strong>Joy F. Kane</strong> was appointed Assistant Deputy Minister for the International Trade
and Finance Branch of the federal Department of Finance on March 23, 1998. </font></p>
<p><font face="Courier">Ms. Kane first joined the Department of Finance in 1978 as an economist with the
Capital Markets Division, and has held a variety of positions in both the Fiscal
Policy and Social Policy Divisions. She was appointed Assistant Director, Social
Policy Division, Federal-Provincial Relations and Social Policy Branch in the
Department of Finance in April 1989, advancing to Director in 1990. She also has
experience in Health Canada, where she spent six years as Director, Social Policy
(1983-89). Ms. Kane was appointed Assistant Deputy Minister, Corporate Services,
Department of Finance and Treasury Board Secretariat on September 18, 1995,
before assuming her current position in March of this year.</font></p>
<p><font face="Courier">Ms. Kane was born in Toronto and graduated from York University with an Honours
Bachelor of Arts (Economics) in 1977. She received a Masters in Economics from
the University of Western Ontario in 1978.</font></p>
<p><font face="Courier"><strong>Grace S. White</strong> is the President and CEO of CanJam Trading Ltd, a home-based
international trading company established in 1989 in Dartmouth, Nova Scotia.
CanJam distributes frozen fish, poultry, beef and pork to customers all over the
world including Jamaica, the United States, Asia, Europe and Canada. The company
completed its fifth full year in business with sales of more than $6.5 million.</font></p>
<p><font face="Courier">Ms. White was named the Canadian Woman Entrepreneur of the Year for 1993 in the
International Competitiveness category. She is a former director of the Human
Resources Development Association and the Halifax Board of Trade. She is
currently Vice-Chair of the Nova Scotia Business Development Corporation, a
member of the Nova Scotia Trade Council and she is on the Advisory Board of the
Frank S. Sobey Faculty of Commerce at Saint Mary's University. She is also a
Business Advisor for the SEA Program at Henson College and has recently been
appointed to the Management Consortium for the Nova Scotia Environmental
Industries and Technologies Program.</font></p>
<p><font face="Courier">Ms. White was born in Kingston, Jamaica, and attended Saint Mary's University,
Halifax, where she graduated with a Bachelor of Commerce in 1978. She also holds
the designation of Chartered Financial Planner.</font></p>
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