Laurentian Bank announces the election of its directors

Laurentian Bank of Canada (TSX: LB) announces that the candidates nominated as directors of Laurentian Bank ofCanada(the “Bank”), as identified in the Management Proxy Circular datedMarch 4, 2025, have each been elected. The election took place earlier today, during the Bank's Annual and Special Meeting of the Shareholders. The detailed results of the vote are set out below.

Results

Candidate Votes For Votes WithheldSonia Baxendale 14902814 835980 94.69% 5.31%Andrea Bolger 15106992 631802 95.99% 4.01%Michael Boychuk 15443766 295028 98.13% 1.87%Johanne Brunet 15286259 452535 97.12% 2.88%Laurent Desmangles 15483231 255563 98.38% 1.62%Suzanne Gouin 14936366 802428 94.90% 5.10%Jamey Hubbs 15468593 270201 98.28% 1.72%David Mowat 15338297 400497 97.46% 2.54%Robert Ouellette 15487049 251745 98.40% 1.60%Éric Provost 15250743 488051 96.90% 3.10%Paul Stinis 15276968 461826 97.07% 2.93%Nicholas Zelenczuk 15221993 516801 96.72% 3.28%

The shareholder proposals submitted by the Mouvement d'éducation et de défense des actionnaires minoritaires (“MEDAC”) were not adopted as they did not receive the majority of votes cast at this Annual and Special Meeting of the Shareholders of the Bank.

About Laurentian Bank

Founded in Montréal in 1846, Laurentian Bank wants to foster prosperity for all customers through specialized commercial banking and low-cost banking services to grow savings for middle-class Canadians.

With a workforce of approximately 2,800 employees, the Bank offers a wide range of financial services and advice-based solutions to customers acrossCanadaandthe United States. Laurentian Bank manages$48.8 billionin balance sheet assets and$25.9 billionin assets under administration.

SOURCE Laurentian Bank of Canada

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