DBRS Provisionally Rates First National Financial Class A Preferred Shares Pfd-3, Stable Trend

DBRS has today assigned a provisional rating of Pfd-3 to the up to $100 million of Class A Preferred Shares issued by First National Financial Corporation. The trend is Stable.

The rating is based on the draft Preliminary Short Form Prospectus dated January •, 2011 and information provided by First National Financial Corporation as of January 5, 2011.

The assignment of final ratings is subject to receipt by DBRS of final documentation that is consistent with that which DBRS has already reviewed.

Note:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodologies are the Global Methodology for Rating Banks and Banking Organisations, Rating Parent/Holding Companies and Their Subsidiaries and Preferred Share Methodology for Corporate Issuers (Excluding Financial Institutions), which can be found on the DBRS website under Methodologies. In applying the banking methodology, DBRS has allowed for the fact that the credit in question is not a bank.