Tangerine Investment Funds Recognized for Second Consecutive Year at Fundata FundGrade A+ Awards

TORONTO, ON – February 8, 2016

Tangerine is proud to announce that its Investment Funds were recognized for the second consecutive year at the Fundata FundGrade™ A+ Awards Ceremony in Toronto, an annual ranking that recognizes the 'best of the best' among Canadian investment funds. With less than 4 per cent of investment products available in Canada having received a FundGrade A+ rating, Tangerine's Investment Funds are among the top investing products in Canada. The Tangerine Balanced Income Portfolio received a 2015 A+ Award for its outstanding performance and consistency. The Tangerine Balanced Portfolio won the A+ Award in 2014.

"We're proud to receive FundGrade A+ awards for our Investment Funds for two years running" said Silvio Stroescu, Managing Director of Deposits and Investments at Tangerine. "Our Clients love our smart and transparent investment solutions and it's an honour be recognized again by Fundata for the exceptional performance of our portfolios. What we're most proud of is the fact that we've saved our Clients over $60 million in mutual fund fees, which means our Clients' hard earned money is working even harder for them."

Tangerine Investment Funds make investing easy by providing Clients with a smart, low-cost and hassle-free way to reach their long-term financial goals through an indexing strategy. With an offering of four distinct portfolio solutions, Tangerine Investment Funds provide Canadians with a diversified asset mix to match their risk tolerance and investment goals.

For more information on Tangerine Investment Funds, please visit tangerine.ca/en/investing.

About the FundGrade A+ Award

FundGrade A+ is a yearly award that recognizes the 'best of the best' among Canadian investment funds that have maintained a high FundGrade A+ Rating throughout a calendar year. The FundGrade A+ Award provides investors, advisors, and fund managers with a single, reliable, easy-to-understand fund-performance rating based on up to 10 years of history.

About Tangerine Investment Funds

Tangerine Investment Funds are managed by Tangerine Investment Management Inc. (formerly known as ING DIRECT Asset Management Limited) and are available by opening a mutual fund Account with Tangerine Investment Funds Limited (formerly known as ING DIRECT Funds Limited). Both firms are wholly-owned subsidiaries of Tangerine Bank. With more than $2 billion assets under management, Tangerine Investment Funds Limited is the principal distributor of Tangerine Investment Funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. All securities, including mutual funds present a risk of loss of capital. To understand risk better, you may also want to look at the specific risks for mutual funds and how they could affect their value. The principal risk factors for the Tangerine Investment Funds include Index Risk, Equity Risk, Foreign Investment Risk, Foreign Currency Risk and Fixed Income Investment Risk. For a full list of the funds' risk factors and details about them, see the What Are the Risks of Investing in a Mutual Fund Generally section of the funds' simplified prospectus.

About Tangerine

Tangerine is a direct bank that delivers simplified everyday banking to Canadians. With more than 1.9 million clients and close to $38 billion in total assets, we are Canada's leading direct bank. Tangerine offers banking that is flexible and accessible, products and services that are innovative, fair fees, and award-winning client service. From no-fee daily chequing and high-interest savings accounts, GICs, RSPs, TFSAs, mortgages and mutual funds, Tangerine has the everyday banking products Canadians need. With over 1,000 employees in Canada, our presence extends beyond our website and Mobile Banking app to our Café locations, Pop-Up locations and 24/7 Contact Centres. Tangerine was launched as ING DIRECT Canada in 1997. In 2012 it was acquired by Scotiabank, and operates independently as a wholly-owned subsidiary.

For more information, visit tangerine.ca.

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