Mr. Vlad Volodarski reports

CHARTWELL RETIREMENT RESIDENCES ANNOUNCES THE ELECTION OF DIRECTORS AND OTHER VOTING RESULTS

All of the Chartwell Retirement Residences Real Estate Investment Trust nominees listed in the management information circular dated March 31, 2018, were elected as trustees of Chartwell, trustees of CSH Trust, and directors of Chartwell Master Care Corp. The detailed results of the vote (i) for the election of directors and trustees; (ii) for the reappointment of KPMG LLP as auditor of Chartwell; (iii) for reconfirmation and ratification of Chartwell's deferred unit plan; (iv) for reconfirmation and approval of amendments to Chartwell's unitholders rights plan; (v) on an advisory resolution on executive compensation, held at Chartwell's annual meeting on Thursday May 17, 2018, in Toronto, are set out in the attached table.

Each of the following three nominees proposed by management was elected as a trustee of Chartwell Retirement Residences as shown in the attached table.

  
Nominee                          Votes for           Votes withheld  

Lise Bastarache         98,366,356  99.88%        120,021     0.12% 
Sidney P.H. Robinson   79,181,340  80.40%     19,305,037    19.60%
Huw Thomas              84,192,935  85.49%     14,293,442    14.51%

As directed by unitholders of Chartwell, the Chartwell trustees voted units of CSH Trust to elect the trustees of CSH Trust as shown in the attached table.

Nominee                        Votes for        Votes withheld
  
Michael D. Harris     90,775,218  92.17%    7,711,15    97.83%
Andre R. Kuzmicki     96,524,033  98.01%    1,961,33    81.99%
Sharon Sallows        98,024,730  99.53%     460,641     0.47%

As directed by unitholders of Chartwell, the Chartwell trustees caused the common shares of Chartwell Master Care Corp. to be voted to elect the directors of the corporation, as shown in the attached table.

  
Nominee                           Votes for         Votes withheld  

Lise Bastarache         97,023,956   98.52%   1,462,421      1.48% 
W. Brent Binions        92,381,752   93.80%   6,104,625      6.20% 
V. Ann Davis            98,257,523   99.77%     228,854      0.23% 
Michael D. Harris       91,361,900   92.77%   7,124,477      7.23% 
Andre R. Kuzmicki       96,531,987   98.02%   1,954,390      1.98% 
Sidney P.H. Robinson   85,650,431   86.97%  12,835,946     13.03%
Sharon Sallows          98,359,375   99.87%     127,002      0.13% 
Huw Thomas              86,196,651   87.52%  12,289,726     12.48%

Chartwell's final voting results on other matters voted on at the annual general meeting of unitholders are as shown in the attached table.

     REAPPOINTMENT OF KPMG LLP AS AUDITOR OF CHARTWELL
  
                                      Votes for       Votes withheld

Reappointment of KPMG LLP    97,158,061  97.94%    2,046,613   2.06%

               DEFERRED UNIT PLAN
  
                              Votes for        Votes against   

Deferred unit plan   86,007,133  87.33%   12,479,244  12.67%

              AMENDMENTS TO UNITHOLDER RIGHTS PLAN
  
                                               Votes for       Votes against 

Amendments to unitholder rights plan  92,856,664  94.28%    5,629,713  5.72%

              ADVISORY RESOLUTION ON EXECUTIVE COMPENSATION
  
                                                            Votes for         Votes against   

Advisory resolution on executive compensation      82,911,232  84.19%   15,575,145   15.81%

Final voting results on all matters voted on at the annual meeting of shareholders held on May 17, 2018, will also be published on SEDAR.

About Chartwell Retirement Residences Real Estate Investment Trust

Chartwell is an unincorporated, open-ended trust that indirectly owns and operates a complete range of senior housing communities, from independent supportive living through assisted living to long-term care. It is the largest operator in the Canadian senior living sector with over 200 quality retirement communities in four provinces.