PR Newswire | Dec 6, 2021 10:23AM EST

Meetings in 2022

12/06 09:22 CST

Joint Statement by Canadian Banks and Life Insurance Companies Regarding Annual Meetings in 2022 TORONTO, Dec. 6, 2021

TORONTO, Dec. 6, 2021 /CNW/ - This is a joint statement issued by BMO, CIBC, Canadian Western Bank, Laurentian Bank, National Bank, RBC, Scotiabank, TD Bank Group, Great-West Lifeco, Canada Life, Manulife and Sun Life. Each of us continues to actively monitor the ongoing impact of the COVID-19 pandemic and the directives from public health and government authorities for group gatherings and social distancing. We have been taking a series of proactive precautionary measures to help protect the health and well-being of our employees, clients and communities. This degree of care and concern extends to all of our shareholders and policyholders. Although we may be able to resume in-person annual meetings in 2022 with the appropriate health and safety protocols in place, we have been carefully considering alternatives for our respective meetings in light of the continued and unpredictable circumstances of the COVID-19 pandemic, public health restrictions and potential protocols recommended by public health authorities and organizations.

As a result, we have once again jointly obtained a court order that enables our 2022 annual meetings to be held, as electronic-only or as hybrid meetings, as determined by each financial institution. The order permits our meetings to be conducted over one or more of webcasting, teleconference or other electronic means, in each case in addition to, or instead of, an in-person meeting, and permits alternative means for distributing meeting materials. In March 2020 and December 2020, we jointly obtained a similar court order. We are considering ways to enhance the participant experience in 2022, leveraging the learnings from our respective 2020 and 2021 annual meetings. The order was obtained because Canadian banks and insurance companies are not permitted to conduct an electronic annual meeting in lieu of an in-person meeting without relief from the court.

We believe these are prudent measures to protect the health and well-being of our stakeholders, while supporting shareholder and policyholder engagement and their ability to attend and exercise their rights. Each institution is committed to presenting their respective meeting in a manner that supports constructive shareholder engagement.

The specific arrangements for each annual meeting will be announced separately prior to the scheduled date. We encourage our shareholders and policyholders to visit our websites in advance of our annual meetings for the most current information.

The Bank of Nova Scotia

Media RelationsBank of Montreal Laura MergelasBMO Life Assurance Company (437) 244-7863 Media Relations laura.mergelas@scotiabank.comPaul Gammal(416) 867-3996 paul.gammal@bmo.com Investor RelationsInvestor RelationsBill Anderson Sophia Saeed(416) 867-7834bill2.anderson@bmo.com (647) 973-6961

sophia.saeed@scotiabank.com



Canadian Imperial Bank of Commerce Canadian Western Bank

Media Relations Investor Relations

Trish Tervit Chris Williams

(416) 813-9119 (780) 508-8229

trish.tervit@cibc.com chris.williams@cwbank.com



National Bank of Canada

Laurentian Bank of Canada Media Relations

Media Relations Marie-Pierre Jodoin

Merick Seguin (514) 394-4209

(514) 451-3201 mariepierre.jodoin@nbc.ca

merick.seguin@lbcfq.ca

Investor Relations

Investor Relations Marianne Ratt?

Susan Cohen 1-866-517-5455

(514) 970-0564 investorrelations@nbc.ca /

susan.cohen@lbcfq.ca relationsinvestisseurs@bnc.ca



Royal Bank of Canada The Toronto-Dominion BankRBC Life Insurance Company Media RelationsMedia Relations Natasha FerrariGillian McArdle (416) 400-9098(416) 842-4231 natasha.ferrari@td.comgillian.mcardle@rbc.com Investor RelationsInvestor Relations Gillian ManningAsim Imran (416) 308-6014(416) 955-7804 gillian.manning@td.comasim.imran@rbc.com

Great-West Lifeco Inc. Manulife Financial CorporationThe Canada Life Assurance Company The Manufacturers Life Insurance CompanyMedia Relations Media RelationsLiz Kulyk Gillian Earle(204) 391-8515 (289) 834-0862media.relations@canadalife.com gillian_earle@manulife.com Investor RelationsInvestor Relations Hung KoDeirdre Neary (416) 806-9921(647) 328-2134 hung_ko@manulife.comdeirdre.neary@canadalife.com



Sun Life Financial Inc.

Sun Life Assurance Company of Canada

Media Relations

Rajani Kamath

(416) 979-6070

rajani.kamath@sunlife.com

Investor Relations

Yaniv Bitton

(416) 979-6496

investor_?relations@sunlife.com

SOURCE Canadian Imperial Bank of Commerce