CHESSWOOD GROUP ANNOUNCES COMPLETION OF SALE OF ECOHOME FINANCIAL AND SPECIAL DIVIDEND OF $0.50 PER SHARE

TORONTO, February 18, 2016 – Chesswood Group Limited (TSX: CHW) (“Chesswood”)
announced today that it has completed the previously announced sale of its EcoHome Financial Inc.
(“EcoHome”) subsidiary to Dealnet Capital Corp. (“Dealnet”)(TSX.V:DLN) for a purchase price of
$35.0 million, resulting in a pre-tax gain of approximately $10.0 million.

Of the $35.0 million purchase price, $29.0 million was paid in cash and Dealnet issued to
Chesswood 6,039,689 million common shares of Dealnet and a $2.5 million convertible note which
will mature in February 2018 and provides for interest at 6% per annum and the right of Chesswood
to convert in whole or in part at any time to acquire additional common shares of Dealnet at a
conversion price of $0.64.

“As we previously announced, the sale of EcoHome completes our process of becoming singularly
focused on our commercial finance businesses and the many growth opportunities they offer, while
generating a significant return for our shareholders on the sale” said Barry Shafran, Chesswood’s
President and CEO.

With modest leverage, multiple funding lines, and a demonstrated ability to grow, Chesswood is well
positioned to capitalize on opportunities offered by its Canadian and U.S. businesses and markets,
and continue its pattern of long-term growth with superior returns on equity. Chesswood’s finance
receivables totaled CDN$480 million at December 31, 2015 excluding the EcoHome portfolio.

Special Dividend

Chesswood also announced today that its board of directors has declared a special dividend of
$0.50 per share to shareholders of record as of February 29, 2016. This special dividend will be
paid on or about March 15, 2016.

Chesswood has designated its dividends as eligible dividends for purposes of the Income Tax Act
(Canada).

“Our balance sheet is very strong coming off another year of excellent earnings and sizable gains
generated from the recent sale of our two non-core businesses. We are very happy to be able to
share the benefits of these gains with our shareholders” added Shafran.

About Chesswood Group Limited

Chesswood Group Limited is a dividend-paying financial services company with operating
businesses in both Canada and the U.S., including its North-American equipment finance
businesses Pawnee Leasing Corporation of Fort Collins, Colorado and Blue Chip Leasing
Corporation of Toronto, Ontario, and its working capital loan business, Windset Capital Corporation,
headquartered in Utah.

To learn more about Chesswood, visit www.ChesswoodGroup.com
The separate websites of Chesswood Group Limited’s operating businesses are
at www.PawneeLeasing.com , www.WindsetCapital.com
www.BlueChipLeasing.com, www.EcoHomeFinancial.com

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Contact:
Barry Shafran
Chesswood Group Limited
416-386-3099
bshafran@chesswoodgroup.com
 

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