CIBC (Ja.) – Cash Dividend

At a Board of Directors meeting it was resolved that a cash interim dividend in respect of 1998 of eight cents per stock unit be paid on July 6, 1998 to stockholders on record as at the close of business on June 22, 1998.

Mr. Michael Mansoor has been appointed to the Board of the company effective June 2, 1998. The Board of Directors approved an interim cash dividend of twelve cents per stock unit to be paid on Janury 11, 1999 to stockholders on record as at December 18, 1998.