Press Release - Foresters Acquisition - First Investors

First Investors will continue to operate as a standalone entity within Foresters U.S. Division.Chris Pinkerton, President of Foresters U.S. Division, is relocating to lead First Investors as itsPresident and CEO, in addition to his current responsibilities.Mr. Pinkerton indicated that First Investors registered representatives who are life licensedwill now have the opportunity to market Foresters life insurance products, in addition tothe current range of First Investors financial products.About ForestersFounded in 1874 as a fraternal benefit society, Foresters TM champions the well-being offamilies through quality life insurance, unique member benefits and inspiring communityactivities. Foresters has assets of $6.2 billion with liabilities of $4.8 billion resulting in asurplus of $1.4 billion (all figures in Canadian dollars as of December 31, 2009) andmaintains an "A" (Excellent) rating by A.M. Best*. Foresters shares its financial strength withmore than 765,000 members in Canada, the United States and the United Kingdom.Foresters Equity Services, Inc. † , a wholly owned subsidiary of Foresters, offers investmentproducts in the U.S. Unity Life of Canada ‡ , a wholly owned subsidiary of Foresters,represents Foresters in Canada. For more information, please visit www.foresters.com.About First Investors Consolidated CorporationFirst Investors Consolidated Corporation, together with its subsidiaries, is a privately-helddiversified financial services organization that provides investment management services tothe broad middle market as the investment advisor to, and the distributor for, the FirstInvestors family of mutual funds and life insurance products. The First Investors family ofcompanies includes: First Investors Corporation (FIC) a registered broker-dealer; FirstInvestors Management Company, Inc. (FIMCO), a registered investment advisor responsiblefor portfolio management of the FI funds; Administrative Data Management Corporation(ADM), a transfer agent and First Investors Life Insurance Company (FIL). FIL maintains an"A-" (Excellent) rating by A.M. Best*.Since its founding in 1930, First Investors has followed the guiding principle of personalservice to connect “Main Street to Wall Street” by helping middle market investors reachtheir financial goals. With corporate headquarters in New York City and administrativeoffices and a data center in Edison, New Jersey, the company has assets under management(AUM) of US $7.0 billion on behalf of 500,000 accounts. The company’s web address iswww.firstinvestors.com.Foresters TM is a trademark of The Independent Order of Foresters, a fraternal benefit society, Toronto, Canada M3C 1T9.*An "A" (Excellent) rating is assigned to companies that have a strong ability to meet their ongoing obligations topolicyholders and have, on balance, excellent balance sheet strength, operating performance and business profile whencompared to the standards established by A.M. Best Company. In assigning Foresters rating, A.M. Best stated that Forestersrating outlook is "stable", which means it is unlikely to change in the near future, assuming Foresters financial strength ismaintained and operations grow. A.M. Best assigns ratings from A++ to F, A++ being superior ratings and A and A- beingexcellent ratings.†Investments offered through Foresters Equity Services, Inc. Member FINRA, SIPC, 6640 Lusk Blvd., Suite A-202, SanDiego, CA 92121 T. 858 550 4844.‡Unity Life of Canada, a Foresters company, is a wholly owned subsidiary of The Independent Order of Foresters.Media Contacts:Foresters-30-First Investors Consolidated Corporation2