Constance Lemieux entrusted with Desjardins Group's Business Development in Canada

Lévis (Québec), January 31, 2008 - The President and Chief Executive Officer of Desjardins Group, Alban D'Amours, is pleased to announce the appointment of Constance Lemieux to the position of Senior Vice-President, Strategic Planning and Canadian Business Development of Desjardins Group. She will be succeeding Marcel Pepin, who has held this position since 2004. Prior to her appointment, Ms. Lemieux was Senior Vice-President of Institutional Affairs and Technology at Desjardins Financial Security.

Having started her new position on January 1, 2008, Ms. Lemieux will continue to implement Desjardins Group's Canadian business development strategy, one of the cooperative institution's strategic priorities. She will also be responsible for developing Desjardins Group's 2009-2011 strategic plan.

Ms. Lemieux has over 25 years of experience at Desjardins, first with the Confédération des caisses populaires et d'économie Desjardins du Québec, where she held various management positions in technology, marketing, customer service and human resources. In 1997 she joined Desjardins Financial Security as Executive Vice-President of Direct Marketing and then became Senior Vice-President of E-Commerce and Direct Distribution. In 2001 she was appointed Senior Vice-President of E-Commerce and Technology.

Ms. Lemieux is a board member of the Commission administrative des régimes de retraite et d'assurances (CARRA). She was a member of the Interac board from 1992 to 1997 and President from 1996 to 1997.

About Desjardins Group

Desjardins Group is the largest integrated cooperative financial group in Canada, with overall assets of $147 billion, as at September 30, 2007. It comprises a network of caisses, credit unions and business centres in Québec and Ontario, and some twenty subsidiary companies in life and general insurance, securities brokerage, venture capital and asset management, many of which are active across the country. Drawing on the expertise of its 40,000 employees and the commitment of nearly 6,800 elected officers, Desjardins offers its 5.8 million individual and corporate members and clients a full range of financial products and services. Its physical distribution network is complemented by leading-edge virtual access methods.

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