Subject: MISCELLANEOUS
Extendicare Announces Voting Results from the 2018 Annual and Special Meeting of Shareholders and Board Change
MARKHAM, Ontario, May 24, 2018 (GLOBE NEWSWIRE) -- Extendicare Inc. ("Extendicare" or the "Company") (TSX:EXE) today announced the results of matters voted on at its annual and special shareholders' meeting held on May 24, 2018 (the "Meeting"), which included the election as directors of the Company of all of the nominees listed in its management information and proxy circular dated April 6, 2018 (the "Information Circular"). The voting results for each of the matters considered at the Meeting are presented below.
The total number of common shares represented by shareholders present in person or by proxy at the Meeting was 28,424,010, representing 32.31% of the Company's outstanding common shares.
- Election of Directors
On a vote by a show of hands, the election of the following nine nominees as directors of the Company to hold office until the next annual meeting of the Company, or until their respective successors are elected or appointed, was approved. Proxies were received on this matter as follows:
| Nominee | Votes For | % | Votes Withheld | % |
| Margery O. Cunningham | 26,150,228 | 98.56 | 383,083 | 1.44 |
| Michael R. Guerriere | 25,927,176 | 97.72 | 606,135 | 2.28 |
| Sandra L. Hanington | 26,179,523 | 98.67 | 353,788 | 1.33 |
| Alan R. Hibben | 26,126,366 | 98.47 | 406,945 | 1.53 |
| Donna E. Kingelin | 25,950,306 | 97.80 | 583,005 | 2.20 |
| Timothy L. Lukenda | 26,222,904 | 98.83 | 310,407 | 1.17 |
| Al Mawani | 26,124,149 | 98.46 | 409,162 | 1.54 |
| Gail Paech | 25,020,885 | 94.30 | 1,512,426 | 5.70 |
| Alan D. Torrie | 24,996,920 | 94.21 | 1,536,391 | 5.79 |
- Appointment of Auditors
On a vote by a show of hands, the appointment of KPMG LLP as the auditors of the Company until the next annual meeting of the Company to be held in the year 2019 was approved. Proxies were received on this matter as follows:
| Votes For | % | Votes Withheld | % |
| 27,349,148 | 97.87 | 594,196 | 2.13 |
- The Continuation and the Amendment and Restatement of the Shareholder Rights Plan
On a vote conducted by ballot, the ordinary resolution for the continuation and the amendment and restatement of the Company's shareholder rights plan was approved. The results of the vote were as follows:
| Votes For | % | Votes Against | % |
| 25,402,406 | 94.03 | 1,611,571 | 5.97 |
- Approach to Executive Compensation
On a vote conducted by ballot, a non-binding advisory resolution to accept the Company's approach to executive compensation disclosed in the Company's Information Circular was approved. The results of the vote were as follows:
| Votes For | % | Votes Against | % |
| 24,976,588 | 92.51 | 2,021,488 | 7.49 |
Board Change
Ben Hutzel did not stand for re-election at the Meeting. The management team and the Board of Directors would like to thank Ben again for his exemplary service as an Extendicare director and for the significant contributions that he has made to Extendicare over the years.
ABOUT EXTENDICARE
Extendicare is a leading provider of care and services for seniors throughout Canada. Through our network of 120 operated senior care and living centres (67 owned/53 managed), as well as our home health care operations, we are committed to delivering care throughout the health care continuum to meet the needs of a growing seniors' population in Canada. Our qualified and highly trained workforce of 23,700 individuals is dedicated to helping people live better through a commitment to quality service and a passion for what we do.
For further information, contact:
Jillian Fountain
Corporate Secretary
Phone: (905) 470-5534; Fax: (905) 470-4003
Email: [email protected]
Visit Extendicare's Website at www.extendicare.com
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