CANADIAN TIRE CORPORATION ANNOUNCES ELECTION OF DIRECTORS

Each of the 16 director nominees listed in Canadian Tire Corp Ltd.'s management information circular dated March 9, 2017, was elected as director of the company at its annual meeting of shareholders held earlier today in Toronto. The detailed results of the vote for the election of directors held at the meeting are set out in the attached tables.

On a vote by a show of hands, the 13 nominees proposed by management and listed in the attached table were elected as directors of the company by the holders of common shares. The company received proxy votes as shown in the table in advance of the meeting from the holders of common shares with respect to the election of the 13 nominees.

Nominee               Proxy votes for      (%)  Proxy votes withheld     (%)

Eric T. Anderson            2,537,272   99.97                    640   0.03                      
Martha G. Billes            2,536,294   99.94                  1,618   0.06                      
Owen G. Billes              2,536,767   99.95                  1,145   0.05                      
Diana L. Chant              2,537,237   99.97                    675   0.03                      
Patrick J. Connolly         2,536,652   99.95                  1,260   0.05                      
David C. Court              2,536,512   99.94                  1,400   0.06                      
Mark E. Derbyshire          2,537,077   99.97                    835   0.03                      
John A.F. Furlong           2,536,517   99.95                  1,395   0.05                      
Claude L'Heureux            2,537,267   99.97                    645   0.03                      
Donald A. Murray            2,537,177   99.97                    735   0.03                      
Maureen J. Sabia            2,536,537   99.95                  1,375   0.05                      
Anatol von Hahn             2,536,642   99.95                  1,270   0.05                      
Stephen G. Wetmore          2,536,667   99.95                  1,245   0.05      

On a vote by a show of hands, the three nominees proposed by management and listed in the attached table were elected as directors of the company by the holders of Class A non-voting shares. The company received proxy votes as shown in the attached table in advance of the meeting from the holders of Class A non-voting shares with respect to the election of the three nominees.

Nominee               Proxy votes for      (%)  Proxy votes withheld     (%)

Pierre Boivin              40,639,434   92.03              3,520,118   7.97                     
James L. Goodfellow        40,661,145   92.08              3,498,407   7.92                     
Timothy R. Price           43,413,755   98.31                745,797   1.69                     

Each of the 16 nominees elected will serve on the board of directors of the company until the next annual election of directors.