The dividend will be paid on December 15, 2008 to shareholders of record asof the close of business on December 1, 2008. This is the twentiethconsecutive quarterly cash dividend for Rainier Pacific Financial Group,Inc.

Rainier Pacific Financial Group is the bank holding company for RainierPacific Savings Bank, a Tacoma, Washington based state-chartered savingsbank, operating 14 branch offices in the Tacoma-Pierce County and City ofFederal Way areas.

For additional information, visit Rainier Pacific's website atwww.rainierpac.com.

Forward-looking statements:

This press release may contain certain forward-looking statements andinformation relating to the Company that are based on the beliefs ofmanagement, as well as assumptions made by and information currentlyavailable to management. The words "anticipate," "believe," "estimate,""expect," "indicate," "intend," "should," and similar expressions, or thenegative thereof, as they relate to the Company or the Company'smanagement, are intended to identify forward-looking statements. Suchstatements reflect the current views of the Company with respect to futureevents that are subject to certain risks and uncertainties that may causeactual results to vary. The Company does not intend to update theseforward-looking statements.

For more information, contact:John Hall:(253) 926-4007Email ContactVic Toy:(253) 926-4038Email Contact