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<title>APPOINTMENTS TO THE BOARD OF DIRECTORS OF THE EXPORT DEVELOPMENT CORPORATION</title>
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<p><font face="Courier"></font><font face="Univers" size="+2"></font><font face="Univers" size="+2">February 27, 1998 No. 39</font></p>
<p align="CENTER"><font face="Univers" size="+2"> APPOINTMENTS TO THE BOARD OF DIRECTORS OF </font></p>
<p align="CENTER"><font face="Univers" size="+2">THE EXPORT DEVELOPMENT CORPORATION</font></p>
<p><font face="Courier"></font><font face="Courier">International Trade Minister Sergio Marchi today announced the appointment of
Robert A. Fung to the Board of Directors of the Export Development Corporation
(EDC), and the reappointments of Dorothy E. Byrne, Huguette Labelle, and James A.
Pattillo to the EDC's 15-member Board.</font></p>
<p><font face="Courier">As Canada's official export credit agency, EDC is a unique financial institution
that strengthens the global competitiveness of Canadian exporters and investors
in more than 200 countries by offering some of the most sophisticated trade
finance skills available in Canada today. In 1997, EDC's business volume was
$28.6 billion -- exceeding 1996's record level of $22 billion.</font></p>
<p><font face="Courier">The appointments are effective immediately.</font></p>
<p align="CENTER"><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 align="CENTER"><font face="Univers" size="+1">BIOGRAPHICAL NOTES</font><font face="Courier"></font></p>
<p><font face="Courier"><strong>Robert A. Fung</strong> brings to the Board years of expertise in corporate finance and
investment banking. Mr. Fung is a senior partner of Capital West Partners, a
group of senior investment bankers providing corporate and financial advice and
strategy in the areas of mergers acquisition and capital markets to high net-worth entrepreneurs and corporations. Prior to his present position, Mr. Fung was
Vice-Chairman at Gordon Capital Corporation of Toronto, and also held positions
with RF Aviation Ltd., Dominion Securities Ltd., and Wood Gundy. He is also a
member of a number of boards of directors for private and charitable
organizations, as well as the Minister's Team Canada Inc Advisory Board.</font></p>
<p><font face="Courier"><strong>Dorothy E. Byrne </strong>is Vice-President of Law and Regulatory Affairs and Corporate
Secretary at BC TELECOM Inc. and BC TEL. She first joined BC TEL in 1971 and
then left to attend law school at the University of British Columbia in 1974. She
was called to the British Columbia bar in 1978, and returned to BC TEL in 1979.
Ms. Byrne also holds a Bachelor of Arts degree from Carleton University and a
Master of Science in Management degree from Stanford University.</font></p>
<p><font face="Courier"><strong>Huguette Labelle</strong> is President of the Canadian International Development Agency
(CIDA). Previously, Ms. Labelle was Deputy Minister of Transport, and Chairman of
the Public Service Commission. She holds a Doctor of Philosophy in Education
degree from the University of Ottawa, and has received honorary doctorates in Law
from Brock University, the University of Saskatchewan, Carleton University, the
University of Ottawa, York University, the University of Windsor, and the
University of Manitoba. In 1990, she was invested as an officer of the Order of
Canada.</font></p>
<p><font face="Courier"><strong>James A. Pattillo</strong> is President and Chief Executive Officer of XL Foods Ltd., a
strategically integrated food production company, and Pattillo Corporation and
Capital Management, a management and holding company. Mr. Pattillo holds an
Honours Business Degree from the University of Western Ontario, and has held
positions at Dominion Securities Ltd. and Wood Gundy. </font></p>
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