Ms. Jocelyne Bourgon reports

INDUSTRIAL ALLIANCE ANNOUNCES VOTING RESULTS OF ITS ANNUAL MEETING

Industrial Alliance Insurance and Financial Services Inc. has released the results of the vote by ballot at its annual meeting held on Thursday, May 7, 2015.

Election of directors by common shareholders

Attached are the results of the vote by ballot for the election of directors by common shareholders.

        ELECTION OF DIRECTORS BY COMMON SHAREHOLDERS

Name                   Votes for   Votes withheld   Accepted

Jocelyne Bourgon      73,934,405           40,162     99.95%
Pierre Brodeur        67,960,882        6,013,803     91.87%
Yvon Charest          73,184,585          789,198     98.93%
Denyse Chicoyne       73,943,472           31,175     99.96%
Michael Hanley        73,926,311           48,218     99.93%
John LeBoutillier     65,306,234        8,668,413     88.28%
Jacques Martin        73,938,025           36,438     99.95%
Francis P. McGuire    66,885,466        7,088,971     90.42%
Mary C. Ritchie       73,674,362          300,065     99.59%

Election of directors by policyholders

Attached are the results of the vote by ballot for the election of directors by policyholders.

         ELECTION OF DIRECTORS BY POLICYHOLDERS

Name                 Votes for   Votes withheld  Accepted

Robert Coallier            416               32    92.86%
L.G. Serge Gadbois         401               47    89.51%
Claude Lamoureux           397               51    88.62%
Danielle G. Morin          420               26    94.17%
Jim Pantelidis             390               57    87.25%

Appointment of external auditor

Attached are the results of the vote by ballot for the nomination of Deloitte LLP as external auditor.

  APPOINTMENT OF EXTERNAL AUDITOR

Votes for   Votes witheld  Accepted

72,095,825      2,009,542    97.29% 

Advisory vote on executive compensation

Attached are the results of the vote by ballot for the advisory resolution on the company's approach to executive compensation, as described in the information circular dated Feb. 27, 2015.

ADVISORY VOTE ON EXECUTIVE COMPENSATION

Votes for   Votes against      Accepted

62,485,691     11,488,840        84.47% 

Shareholder proposal No. 1

Attached are the results of the vote by ballot for shareholder proposal No. 1, as described in the information circular dated Feb. 27, 2015.

    SHAREHOLDER PROPOSAL NO. 1

Votes for  Votes against  Defeated

5,387,484     68,585,375    92.72% 

Shareholder proposal No. 2

Attached are the results of the vote by ballot for shareholder proposal No. 2, as described in the information circular dated Feb. 27, 2015.

    SHAREHOLDER PROPOSAL NO. 2

Votes for  Votes against  Defeated

4,679,647     69,293,284    93.67% 

Shareholder proposal No. 3

Attached are the results of the vote by ballot for shareholder proposal No. 3, as described in the information circular dated Feb. 27, 2015.

    SHAREHOLDER PROPOSAL NO. 3

Votes for  Votes against  Defeated

5,559,593     68,413,816    92.48%