EFT

Equity Financial Holdings Inc. ("EQI" or the "Corporation") (TSX:EQI), a
Canadian financial services company, today announced the results from its Annual
and Special Meeting of Shareholders held on April 2, 2013.


"We are pleased that our shareholders have approved the transaction with TMX
Group," said Equity President & CEO, Paul G. Smith. "Given the significance of
this strategic decision, we felt it was important for shareholders to have the
opportunity to approve it. The sale of the transfer agent and corporate trust
business provides us with the necessary capital to invest in our new strategy.
We are excited about the growth potential for the company as we focus on the
rapidly growing retail mortgage lending and deposit-taking business."


Under the terms of the transaction agreement, TMX Group will acquire Equity's
transfer agent and corporate trust business for $64 million payable in cash at
closing, subject to certain post-closing price adjustments. The finalization of
the transaction is expected during the second quarter of calendar 2013 and
remains subject to the closing conditions outlined in EQI's Management
Information Circular dated February 28, 2013.


In addition to approving the transaction with the TMX Group by more than the
requisite two-thirds needed, shareholders also voted to approve the
Corporation's Shareholder Rights Plan and the renewal of the Employee Stock
Option Plan (including all unallocated options thereunder). All of the incumbent
directors were re-elected to the board, which are comprised of: Donald A.
Wright, Paul G. Smith, Michael A. Gerrior, Bradley R. Kipp, Bernard J. le Duc,
J. Allan Ringler, Elmer I. Kim, Natasha A. Sharpe and Thomas R. Spencer. Donald
A. Wright was then re-elected Chairman of the Board by the directors.
Shareholders also approved the reappointment of BDO Canada LLP as the
Corporation's independent auditor and authorized the board to fix their
remuneration. 


About Equity Financial Holdings Inc.

Through its wholly owned subsidiaries, the Corporation provides transfer agent,
corporate trust, foreign exchange and retail mortgage services to the corporate
and institutional markets, and the retail mortgage market. Following the
completion of the transaction with TMX Group, the Corporation will be a Canadian
financial services company serving the alternative retail mortgage market
through its federally regulated and wholly-owned subsidiary, Equity Financial
Trust Company. Learn more at www.equityfinancialholdings.com.


Statements regarding Forward-Looking Information 

Certain portions of this press release as well as other public statements by the
Corporation contain "forward-looking information" within the meaning of
applicable Canadian securities legislation, which is also referred to as
"forward-looking statements", which may not be based on historical fact.
Wherever possible, words such as "will", "plans," "expects," "targets,"
"continue", "estimates," "scheduled," "anticipates," "believes," "intends,"
"may," and similar expressions or statements that certain actions, events or
results "may," "could," "would," "might" or "will" be taken, occur or be
achieved, have been used to identify forward-looking information. Such
forward-looking statements include, without limitation, statements regarding any
information as to future financial or operating performance and other statements
that express expectations or estimates of future performance, including
statements regarding the Corporation's EBITDA and earnings expectations for the
mortgage and deposit business, fee income, expense levels, the completion of the
proposed sale of Equity's transfer agent and corporate trust services business
to the TMX, including the expected timelines for completion, the expected use of
proceeds therefrom and the anticipated effect of the sale transaction on its
business, operations and financial results, the Corporation's expected need for
regulatory capital, the expected timing of the Corporation's previously
disclosed wind-down of its day-to-day retail foreign exchange operations and its
expected impact on the Corporation's business, operations and financial results,
general economic, political and market factors in North America and
internationally, interest and foreign exchange rates, global equity and capital
markets, business competition, technological change, changes in government
regulations, unexpected judicial or regulatory proceedings, catastrophic events,
and the Corporation's ability to complete strategic transactions and integrate
acquisitions and other factors. 


Certain material factors or assumptions are applied by the Corporation in making
forward-looking statements and are based on management's knowledge of current
business conditions and expectations of future business conditions and trends,
including without limitation, factors and assumptions regarding its ability to
fund its mortgage business, the value of mortgage originations, the competitive
nature of the alternative mortgage market, the expected margin between the
interest earned on its mortgage portfolio and the interest to be paid on its
deposits, the relative continued health of real estate markets, acceptance of
its products in the marketplace, the state of current credit, interest rate and
liquidity conditions affecting the Corporation and the Canadian economy, retail
mortgage markets, housing sales, and equity and capital markets, as well as its
operating cost structure and the current tax regime. Certain other factors and
assumptions have been applied in making forward-looking statements, including,
assumptions relating to the timing and completion of the proposed transaction
with the TMX, the Corporation's ability to implement and realize on its new
strategic focus following completion of the transaction with the TMX, the
Corporation's ability to wind-down its day-to-day retail foreign exchange
operations and the expected impact on the Corporation's business, operations and
financial results, as well as the Corporation's capital and financing
requirements.


Forward-looking statements reflect the Corporation's current views with respect
to future events and are subject to a number of risks and uncertainties. Actual
results may differ materially from results contemplated by the forward-looking
statements. Readers are cautioned not to place undue reliance on such
forward-looking statements, as they reflect the Corporation's current views with
respect to future events and are subject to risks and uncertainties and are
necessarily based upon a number of estimates and assumptions that, while
considered reasonable by the Corporation, are inherently subject to significant
business, economic, regulatory, competitive, political and social uncertainties
and contingencies. Many factors could cause the Corporation's actual results,
performance or achievements to be materially different from any future results,
performance, or achievements that may be expressed or implied by such
forward-looking statements including, among others, failure to successfully
close the proposed transaction with the TMX, failure by the Corporation in
implementing and realizing its new strategic focus, a significant downturn in
capital markets or the economy as a whole, delays in completing the wind-down of
the Corporation's day-to-day retail foreign exchange operations or other
unforeseen circumstances arising from such wind-down, reduced large-volume
foreign exchange revenue which could lead to an impairment of goodwill in our
foreign exchange unit, errors or omissions by the Corporation in providing
services to its customers, significant changes in foreign currency exchange
rates, extreme price and volume fluctuations in the stock markets, significant
increases in the cost of complying with applicable regulatory requirements,
civil unrest,

economic recession, pandemics, war and acts of terrorism which may adversely
impact the North American and global economic and financial markets, inability
to raise funds through public or private financing in the event that the
Corporation incurs operating losses or requires substantial capital investment
in order to respond to unexpected competitive pressures, significant changes in
interest rates, failure by Equity Financial Trust Company ("EFT") to meet
ongoing regulatory obligations, failure by the Corporation to generate or obtain
sufficient cash or cash equivalents in a timely manner and at a reasonable price
or to adequately monitor and/or adjust its mortgage portfolio management
practices for changing circumstances, failure by the Corporation to attract and
to retain the necessary employees to meet its needs, failure by EFT to
adequately monitor the services provided by third party service providers or to
establish alternative arrangements if required, failure by EFT to secure
sufficient deposits from securities dealers or a sufficient level of mortgage
origination from its mortgage broker network, a failure of the computer systems
of the Corporation or one or more of its service providers or the risks detailed
from time-to-time in the Corporation's quarterly filings, annual information
forms, annual reports and annual filings with securities regulators, including,
without limitation the risks described in the Corporation's annual information
form dated February 28, 2013 (a copy of which can be found on the System for
Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com) under the
headings "Cautionary Statement Regarding Forward Looking Information" and
"Description of the Business - Risks of the Business" and the Corporation's
management's discussion & analysis for the year ended December 31, 2012 dated
February 13, 2013 under the heading "Risks". Forward-looking information will be
updated as required pursuant to the requirements of applicable securities laws. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor contact:
Equity Financial Holdings Inc.
Paul G. Smith
(416) 361-0930 Ext.270


Equity Financial Holdings Inc.
Nick Kyprianou
(416) 361-0930 Ext.290


Media contact:
NATIONAL Public Relations
Peter Block
416-848-1431
pblock@national.ca


NATIONAL Public Relations
Jennifer Lee
416-848-1383
jlee@national.ca

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