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Sentry Select China Fund (TSX: CHZ.UN) announces intention to make normal course issuer bid
2007-07-11

TORONTO: Sentry Select Capital Corp. (the “Manager”), the manager of Sentry Select China Fund (the “Fund”), announced today that the Fund intends to purchase up to 841,220 of the units of the Fund (the “Units”) for cancellation by way of a normal course issuer bid through the facilities of the Toronto Stock Exchange (the “Exchange”). The 841,220 Units represent approximately 10% of the public float of the Fund. As of July 11, 2007, 8,625,000 Units are issued and outstanding. The public float of 8,412,200 Units has been calculated as the issued and outstanding Units less Units held by insiders of the Fund. Normal course issuer bid: The purchases may commence on July 13, 2007 and will terminate on July 12, 2008, or on such earlier date as the Fund may complete its purchase or provide notice of termination. Any such purchases will be made by the Fund at the prevailing market price at the time of such purchases in accordance with the requirements of the Exchange.

The Fund will not make purchases of Units at greater than net asset value. Purchases of Units at less than net asset value per Unit should have the effect of increasing the net asset value per Unit. All purchased Units will be cancelled. The Fund will not purchase in any 30-day period more than 172,500 Units, being 2% of the issued and outstanding Units as at the date of acceptance of the notice of the normal course issuer bid by the Exchange. The Fund has not purchased any of its Units in the last 12 months prior to the date hereof. To the knowledge of the Manager, no director, senior officer or other insider of the Manager intends at present to sell any Units under this bid. However, sales by such persons through the facilities of the Exchange or elsewhere may occur if the circumstances or decisions of any such person change. The benefits to any such person whose Units are purchased would be the same as the benefits available to all other holders whose Units are purchased. Investment objectives: Sentry Select China Fund has been designed to provide investors with an actively managed, diversified portfolio of equity securities of companies that carry on the majority of their business in China. The Fund’s investment objectives are to: • provide a total return for unitholders, and • pay quarterly cash distributions (initially, expected to be $0.125 per quarter, or 5% per annum based on the original price of $10.00 per unit). Trading information: Sentry Select China Fund units trade on the Toronto Stock Exchange under the symbol CHZ.UN. The Manager: Sentry Select is a Canadian wealth management company that manages over $8 billion in gross assets as of June 30, 2007. The company offers a diverse range of investment products including closed-end trusts, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates. With 29 reporting issuers, Sentry Select Capital Corp. is the leading manager and/or advisor to entities listed on the TSX. In addition, Sentry Select Capital Corp. manages and/or provides advisory services to 4 reporting issuers listed on the TSX Venture Exchange. Investment Advisor: HSBC Investments (Canada) Limited will be the investment advisor to the Fund. The investment advisor will appoint its affiliate, Halbis Capital Management (Hong Kong) Limited as the Fund’s sub-advisor. Halbis Capital Management manages assets of over US$91 billion worldwide, including US$7.7 billion in Chinese equity mandates as of December 31, 2006. Forward-looking statements: This news release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the future performance of the Fund, including the potential for purchases pursuant to the normal course issuer bid. These statements reflect Sentry Select’s current expectations, but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, Sentry Select cannot assure that the forward-looking statements contained in this news release will be realized. More information: Investor Services (broker/investor inquiries) or Kinga Lam (media inquiries) Tel: 1-888-246-6656 Fax: 416-364-1197 info@sentryselect.com www.sentryselect.com


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