Ms. Grace Pollock reports

INDUSTRIAL ALLIANCE ANNOUNCES 9% INCREASE IN THE DIVIDEND ON ITS COMMON SHARES

The board of directors of Industrial Alliance Insurance and Financial Services Inc. has made an increase of three cents in its dividend per outstanding common share for the quarter ended Sept. 30, 2017, raising it to 38 cents. This dividend will be payable on Dec. 15, 2017, to all common shareholders of record at the close of business on Nov. 24, 2017.

Industrial Alliance reminds common shareholders who wish to enroll in the company's dividend reinvestment and share purchase plan (DRIP) that they must do so no later than 4 p.m. on Nov. 17, 2017, in order to reinvest the next dividend. To enroll, go to the company's website, under about Industrial Alliance, in the investor relations/dividends section. Please note that the common shares issued under the DRIP will be purchased on the secondary market and that no discount will apply.

Industrial Alliance also announced today:

• The payment of a dividend of 28.75 cents per non-cumulative Class A preferred share -- Series B. This dividend is payable in cash on Dec. 31, 2017, to preferred shareholders of record at Nov. 30, 2017.
• The payment of a dividend of 23.60625 cents per non-cumulative Class A preferred share -- Series G. This dividend is payable in cash on Dec. 31, 2017, to preferred shareholders of record at Nov. 30, 2017.

For the purposes of the Income Tax Act (Canada) and any corresponding provincial or territorial tax legislation, all dividends paid by the company on its common and preferred shares are considered to be eligible dividends.