P A C I F I C & W E S T E R N MEETING OF THE SERIES C PROMISSORY NOTEHOLDERS JUNE 12, 2008

P A C I F I C & W E S T E R N Advisory The Corporation occasionally makes forward-looking statements about its objectives, operations and targeted financial results. These statements may be written or verbal and may be included in such things as press releases, corporate presentations, Annual Reports and other disclosure documents and communications. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other forward-looking statements will not be achieved. A number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward- looking statements. These factors include, but are not limited to, the strength of the Canadian economy in general and the strength of local economies within Canada in which we conduct operations; the effect of changes in interest rates; the effects of competition in the markets in which we operate; capital market fluctuations; and the impact of changes in laws and regulations. When relying on forward-looking statements to make decisions, investors and others should carefully consider these factors and other uncertainties or potential events. The Corporation makes no undertaking to update any forward-looking statement that is made from time to time by the Corporation.

P A C I F I C & W E S T E R N Noteholders Not Attending Registered Noteholders who are not in attendance at this Meeting have been encouraged to complete the form of Proxy and to have it returned to Computershare Trust Company of Canada in accordance with the instructions provided on the Proxy.

P A C I F I C & W E S T E R N Purpose of Meeting To extend the maturity date of the Series C Promissory Notes (the "Notes") for 10 years from October 16, 2008 to October 16, 2018; and To increase the aggregate principal amount of Notes that may be offered by the Corporation from a maximum of Twenty-Two Million Six Hundred Eighty-Nine Thousand Dollars ($22,689,000) to One Hundred Million Dollars ($100,000,000).

P A C I F I C & W E S T E R N Background

P A C I F I C & W E S T E R N Our Mission To maximize the value of our common shares and total return to our shareholders over time, by providing innovative financial solutions to our clients in selected niche markets.

P A C I F I C & W E S T E R N Who We Are Schedule 1 Canadian Chartered Bank Founded August 1 st, 2002 (first in 18 years) Publicly traded on TSX under symbol PWC Branchless Model Head Office in London, Ontario $1.3 billion in Assets $1.0 billion in Loans and Leases 58 Full-time Employees

TSX SYMBOL: PWC Organizational Chart

P A C I F I C & W E S T E R N Values Build enduring relationships with winners Own the challenge Our word is our bond Always strive for the win-win solution Only participate in markets well suited to us Respond quickly to our clients’ requests Our reason for being is to build shareholder value

P A C I F I C & W E S T E R N Our Model Focus Niche markets not well served by large banks Quality Seek low credit risk lending opportunities Efficiency Use technology and existing distribution channels Growth Seek markets with high growth potential

P A C I F I C & W E S T E R N Existing Distribution Channels Deposit Services: a) Bank owned brokerage firms b)Large financial planners c)Small independent financial planners Lending & Investing: a) Vendor support program b)Direct dealings with our staff c)Other lenders and brokers

P A C I F I C & W E S T E R N Our Strengths Extensive nationwide low cost funds source High quality portfolio with negligible losses Schedule 1 Canadian Bank Charter Very scalable infrastructure State of the art financial institution software

P A C I F I C & W E S T E R N Special Initiatives Discovery Air PW Plus Account Visa Card Versabanq Innovations Infrastructure - Hospital Financings

P A C I F I C & W E S T E R N Discovery Air

P A C I F I C & W E S T E R N

Joint venture discussions with large national retailers to issue a Visa Credit Card National retailer brings brand recognition and existing distribution channels to effectively reach potential cardholders across the country. New retailer loyalty program embedded within the Visa card –Cardholders earn value-based points/rewards on every purchase regardless of where the Visa card is used. –Creates brand loyalty as well as increases in-store traffic –Gets the PWB Visa card to the front of the wallet. Retailer would share in all revenues generated by the card and all costs to manage the program. PWB / Retailer Visa Card Retailer Brand Here

P A C I F I C & W E S T E R N Versabanq Innovations

P A C I F I C & W E S T E R N Versabanq Innovations In discussions with numerous, very large potential partners in U.S. and Canada Strategy is to use existing distribution channels and enhance our partners’ relationship with their customer by filling blank spaces in or enhancing their product portfolio. Currently in joint development session with one of the largest banking software providers in the world Our products very well-suited to satisfy demands related to the current liquidity crisis (e.g., syndicated loans and efficient deposit gathering) Also provide built-in Basel II compliance which will soon be required in the U.S.

P A C I F I C & W E S T E R N On October 4, 2007, Pacific & Western arranged the financing for the construction by EllisDon Corporation of the $214 million Bluewater Health Capital Redevelopment Project in Sarnia, Ontario. This financing was arranged with the assistance of the Gwich'in Tribal Council, an aboriginal organization that represents the Gwich'in in the Mackenzie-Delta of the Northwest Territories. Hospital Infrastructure Financing Bluewater Health

P A C I F I C & W E S T E R N Hospital Infrastructure Financing Hamilton Henderson Hospital On December 14, 2007, Pacific & Western arranged the financing for the construction by EllisDon Corporation of the $200 million Hamilton Henderson Hospital. This financing was arranged with the assistance of the Gwich'in Tribal Council, an aboriginal organization that represents the Gwich'in in the Mackenzie-Delta of the Northwest Territories.

P A C I F I C & W E S T E R N On October 31, 2007 Pacific & Western arranged approximately $20 million in financing for the redevelopment by EllisDon Corporation of the Hamilton General Hospital. CIBC is also participating in financing this redevelopment project. Hospital Infrastructure Financing Hamilton General Hospital

P A C I F I C & W E S T E R N Our Securities Pacific & Western Credit Corp. (PWC) Common SharesPWC $5.30 (June 08) Preferred SharesPWC.PR.A $2.90 (Jun 08) (dividend.21) A Notes (04/10)PWC.NT.A $ (Jun 08) (yield 9.25%) C Notes (10/08)PWC.NT.C $ (Jun 08) (yield 9.0%)

P A C I F I C & W E S T E R N Series C Note Arithmetic AmountSpreadRateInterest Risk WeightRWA 1,000, % 90,000 9% Notes 15,000, % 525,000 GICs 16,000, % 615,000 Total 7,750, %6.250% 484,375100% 7,750,000Loans 6,550, %4.700% 307,85020% 1,310,000PSEs & AAAs 1,700, %4.300% 73,1000% -CMHCs 16,000, % 865,325 9,060,000 Net Interest 1.565% 250,325BIS11.038% Return on Note %

P A C I F I C & W E S T E R N Advantage to Noteholders Seamless extension of 10 year Note at 9%. Attractive yield for new 10 year period Investment in a Schedule I Canadian chartered bank

P A C I F I C & W E S T E R N Summary Highly efficient entrepreneurial Schedule 1 bank with low risk strategy well positioned to take advantage of the current liquidity crisis.

P A C I F I C & W E S T E R N MEETING OF THE SERIES C PROMISSORY NOTEHOLDERS JUNE 12, 2008