Ms. Katherine Crewe reports

NEPTUNE ANNOUNCES THE ELECTION OF ITS DIRECTORS AND CHANGE OF FISCAL YEAR END

Neptune Technologies & Bioressources Inc.'s nominees listed in its management proxy circular dated June 14, 2016, were elected as directors of Neptune at its annual and special meeting of shareholders held in Montreal, Canada, on July 12, 2016. The detailed results of the vote for the election of directors are set out in the attached table.

Nominee                        Votes for       % votes for    Votes withheld     % Votes withheld

Katherine Crewe               19,583,612            98.35%           329,155                1.65%
Ronald Denis                  19,558,541            98.22%           354,226                1.78%
Pierre Fitzgibbon             19,710,213            98.98%           202,554                1.02%
James S. Hamilton             19,698,726            98.93%           214,041                1.07%
John M. Moretz                19,688,740            98.87%           224,027                1.13%
Francois R. Roy               19,538,051            98.12%           374,716                1.88%
Leendert H. Staal             19,641,452            98.64%           271,315                1.36%
Victor Neufeld                17,855,661            89.67%         2,057,106               10.33%
Richard P. Schottenfeld       19,506,660            97.96%           406,107                2.04%

For further information on the voting results of the resolution passed during the AGM, please refer to the report of voting results available on SEDAR.

Change in fiscal year-end to March 31

The corporation also announces that it will be transitioning to a new fiscal year-end in 2017. As a result of this transition, the corporation's year-end will take place on March 31, 2017, rather than Feb. 28, 2017. The change in year-end will be better aligned with Acasti's industry comparables and standard quarters. This change has been approved by the board of directors, in accordance with the corporation bylaws. For purpose of its regulatory filings, the corporation will report results for the 13th-month transition period ended March 31, 2017, with a last quarterly period (fourth quarter) covering a four-month period from Dec. 1, 2016, to March 31, 2017.

We seek Safe Harbor.