Great-West Lifeco update on Irish Life transaction

Readers are referred to the cautionary note regarding Forward-Looking 
Information and Non-IFRS Financial Measures at the end of this release. Not 
for distribution to U.S. newswire services or for dissemination in the U.S. 
WINNIPEG, July 8, 2013 /CNW/ - Earlier today the Irish Supreme Court heard 
arguments involving the recapitalization of the Irish Life & Permanent Group 
Holdings plc by the Minister for Finance (Ireland) and the related appeal of a 
previously denied injunction regarding the sale of Irish Life by the 
Minister. The court has reserved judgment until July 19, 2013.As indicated 
in Great-West Lifeco's July 5, 2013 press release, all conditions to its 
acquisition of Irish Life Group Limited have been satisfied, other than 
payment of the purchase price. 
As a result of today's developments, the Minister will not be able to close on 
July 10, 2013 as expected. Great-West Lifeco remains confident and committed 
to completing the purchase of Irish Life expeditiously. 
Great-West Lifeco Inc. (TSX:GWO) is an international financial services 
holding company with interests in life insurance, health insurance, retirement 
and investment services, asset management and reinsurance businesses. 
Great-West Lifeco has operations in Canada, the United States, Europe and Asia 
through Great-West Life, London Life, Canada Life, Great-West Financial and 
Putnam Investments. Great-West Lifeco and its companies have $582 billion* in 
assets under administration and are members of the Power Financial Corporation 
group of companies. 
* Assets as of March 31, 2013 
Not for distribution to U.S. news wire services or dissemination in the United 
Cautionary Note Regarding Forward-Looking Information
This release contains some forward-looking statements about Great-West Lifeco, 
including its business operations, strategy and expected financial performance 
and condition. Forward-looking statements include statements that are 
predictive in nature, depend upon or refer to future events or conditions, or 
include words such as "expects", "anticipates", "intends", "plans", 
"believes", "estimates" and similar expressions or negative versions thereof. 
In addition, any statement that may be made concerning future financial 
performance (including revenues, earnings or growth rates), ongoing business 
strategies or prospects and possible future action by Great-West Lifeco, 
including statements with respect to the expected benefits of acquisitions or 
divestitures, are also forward-looking statements. Forward-looking statements 
are based on expectations and projections about future events that were 
current at the time of the statements and are inherently subject to, among 
other things, risks, uncertainties and assumptions about Great-West Lifeco, 
economic factors and the financial services industry generally, including the 
insurance and mutual fund industries. 
Material factors or assumptions that were applied in formulating the 
forward-looking information contained herein include the assumption that the 
business and economic conditions affecting Great-West Lifeco's and Irish 
Life's respective operations will continue substantially in their current 
state, including, without limitations, with respect to industry conditions, 
general levels of economic activity, market prices for products provided, 
business competition, continuity and availability of personnel and third party 
service providers, local and international laws and regulations, foreign 
exchange rates and interest rates, inflation, taxes, and that there will be no 
unplanned material changes to Great-West Lifeco's or Irish Life's facilities, 
customer and employee relations and credit arrangements. Forward-looking 
statements are not guarantees of future performance, and actual events and 
results could differ materially from those expressed or implied by 
forward-looking statements due to, but not limited to, important factors such 
as sales levels, premium income, fee income, expense levels, mortality 
experience, morbidity experience, policy lapse rates, taxes, 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, changes 
in accounting policies and the effect of applying future accounting policy 
changes, unexpected judicial or regulatory proceedings, catastrophic events, 
and Great-West Lifeco's ability to complete strategic transactions and 
integrate acquisitions. The reader is cautioned that the foregoing list of 
important factors is not exhaustive, and there may be other factors, including 
factors set out under "Risk Management and Control Practices" and "Summary of 
Critical Accounting Estimates" in Great-West Lifeco's 2012 Annual Management's 
Discussion and Analysis and any listed in other filings with securities 
regulators, which are available for review at The reader is 
also cautioned to consider these and other factors carefully and to not place 
undue reliance on forward-looking statements. Other than as specifically 
required by applicable law, Great-West Lifeco does not intend to update any 
forward-looking statements whether as a result of new information, future 
events or otherwise. 
Marlene Klassen, APR Assistant Vice-President, Communication Services 
SOURCE: Great-West Lifeco Inc. 
To view this news release in HTML formatting, please use the following URL: 
CO: Great-West Lifeco Inc.
ST: Manitoba
-0- Jul/08/2013 18:39 GMT
Press spacebar to pause and continue. Press esc to stop.