May 2, 2011

Victoria, BC — The British Columbia Investment Management Corporation (bcIMC) is pleased to announce that Rick Mahler has been appointed Chair of the Board of Directors, effective April 30, 2011.

Mahler brings to the Board a strong financial executive background and experience in serving on corporate boards, along with knowledge in the areas of public capital markets, mergers and acquisitions, and business partnerships. “bcIMC has a reputation of being a professional and responsible investment management firm with strong fiduciary standards. I am proud to have the opportunity to serve as Chair of its Board,” said Mahler.

“We are pleased to have someone of Rick’s calibre joining bcIMC,” said Doug Pearce, CEO/CIO of bcIMC. Mahler replaces Sid Fattedad, whose appointment as Board Chair ended April 30, 2011. Fattedad was a member of bcIMC’s Board since inception in 1999 and served as Chair from 2008.

“bcIMC thanks Sid for his guidance over the years, both as a director and as chair,” said Pearce. “His presence on the board has helped establish the culture and tone of bcIMC today. We wish Sid all the best in future endeavours.”