Rajeev Sharma Joins First Investors Management Company, Inc.

New York, NY, September 30, 2009 - First Investors Management Company, Inc. ("FIMCO") is pleased to announce that Rajeev Sharma has joined its portfolio management team.¹ Mr. Sharma serves as Co-Portfolio Manager of the First Investors Investment Grade Fund and the First Investors Life Series Investment Grade Fund.

Prior to joining FIMCO, Mr. Sharma was employed by Lazard Asset Management, LLC in New York as a Vice President and Senior Corporate Credit Analyst. From 2002 until 2005, Mr. Sharma worked at Standard & Poor's Rating Services as an Associate Director, Corporate Ratings.

Mr. Sharma has an MBA from Cornell University and a Master of Science degree in electrical engineering from the University of Pennsylvania. Prior to obtaining his MBA, Mr. Sharma worked for Lockheed Martin as an engineer.

"I'm very happy to welcome Rajeev to First Investors," said Clark D. Wagner, Director of Fixed Income for FIMCO, "his experience in the field of corporate bonds and his unique background make him an asset to our team."

¹First Investors Management Company, Inc. ("FIMCO") is the registered investment adviser responsible for portfolio management and accounting for the First Investors mutual funds, as well as the underlying portfolios of the variable annuities and variable life insurance products offered by First Investors Life Insurance Company. In addition to the buying and selling of securities, FIMCO maintains all records and calculates pricing on a daily basis.

First Investors has been serving the needs of investors since 1930. Through the Great Depression, World War II, numerous recessions and bull and bear markets alike, the Company has remained committed to its mission—helping clients reach their financial goals. Today, First Investors offers a wide range of financial products and services, including mutual funds, annuities, and life insurance. The Company prides itself on delivering financial services with a “personal touch.” A First Investors Financial Services Representative is a licensed professional who will take the time to learn about your current financial situation and future goals in order to assist you with your financial needs. .

First Investors Corporation
Executive Office
110 Wall Street
New York, NY 10005
(800) 423-4026
www.firstinvestors.com

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