Mr. Pierre Picard reports

INDUSTRIAL ALLIANCE ANNOUNCES ANNUAL MEETING VOTING RESULTS

Industrial Alliance Insurance and Financial Services Inc. has released the results of the vote by ballot held at the company's annual meeting on Thursday, May 5, 2016.

Election of directors by common shareholders

The attached table shows the results of the vote by ballot for the election of directors by common shareholders.

Name of nominee          Votes for           %    Votes withheld          %

Jocelyne Bourgon        76,034,204       99.94            46,939       0.06
Pierre Brodeur          70,049,965       92.07         6,031,178       7.93
Yvon Charest            75,251,540       98.91           829,523       1.09
Denyse Chicoyne         76,028,899       99.93            52,198       0.07
Michael Hanley          76,021,472       99.92            59,655       0.08
John LeBoutillier       61,664,795       81.05        14,416,396      18.95
Jacques Martin          76,026,492       99.93            54,651       0.07
Francis McGuire         70,039,349       92.06         6,041,842       7.94
Mary C. Ritchie         75,122,492       98.74           958,780       1.26

Election of directors by participating policyholders

The attached table shows the results of the vote by ballot for the election of directors by participating policyholders.

Name of nominee      Votes for          %   Votes withheld          %

Robert Coallier            474      93.86               31       6.14
Agathe Cote                470      92.89               36       7.11
Claude Lamoureux           455      89.92               51      10.08
Danielle G. Morin          477      94.64               27       5.36
Louis Tetu                 461      91.29               44       8.71

Appointment of the external auditor

The attached table shows the results of the vote by ballot for the appointment of Deloitte LLP as external auditor.

Votes for        %    Votes withheld        %
   
73,665,973   96.79         2,444,710     3.21

Advisory vote on executive compensation

The attached table shows the results of the vote by ballot for the advisory resolution on executive compensation, as described in the information circular dated Feb. 29, 2016.

Votes for        %    Votes against        % 
   
65,723,841   86.39       10,356,786    13.61

Shareholder proposal No. 1

The attached table shows the results of the vote by ballot for shareholder proposal No. 1, as described in the information circular dated Feb. 29, 2016.

Votes for        %    Votes against        %   

917,368       1.21       75,162,934    98.79

Shareholder proposal No. 2

The attached table shows the results of the vote by ballot for shareholder proposal No. 2, as described in the information circular dated Feb. 29, 2016.

Votes for        %    Votes against        %  

2,128,362     2.80       73,951,784    97.20

Shareholder proposal No. 3

The attached table shows the results of the vote by ballot for shareholder proposal No. 3, as described in the information circular dated Feb. 29, 2016.

Votes for        %    Votes against        %  

5,740,710     7.55       70,339,218    92.45

Shareholder proposal No. 4

The attached table shows the results of the vote by ballot for shareholder proposal No. 4, as described in the information circular dated Feb. 29, 2016.

Votes for        %    Votes against        %

1,361,461     1.79       74,718,511    98.21