Mr. Brian Athaide reports

ANDREW PELLER LIMITED ANNOUNCES THE FINAL 2015 ANNUAL MEETING BOARD OF DIRECTOR AND AUDITOR ELECTION RESULTS

Andrew Peller Ltd. has released the final director and auditor election results from its 2015 annual general meeting of shareholders held on Sept. 16, 2015.

The total number of Class B voting shares represented by shareholders present in person or by proxy at the meeting was 14, representing 73.15 per cent of the 3,004,041 voting shares issued and outstanding as of the record date.

Election of directors

The 10 nominees in the attached table were elected to serve as directors until the next annual meeting of shareholders or until their successors are elected or appointed. The nominees were listed in the company's management information circular dated July 31, 2015.

                                                            
Nominee                    Number of    % votes for        Number of     % votes  
                           votes for                  votes withheld    withheld

Mark W. Cosens             2,095.164          99.99              300        0.01
Lori C. Covert             2,095.164          99.99              300        0.01
Dr. Richard D. Hossack     2,095.164          99.99              300        0.01
Perry J. Miele             2,095,464         100.00                0        0.00
Dr. A. Angus Peller        2,095.164          99.99              300        0.01
John E. Peller             2,095.164          99.99              300        0.01
Dr. Joseph A. Peller       2,095.164          99.99              300        0.01
Randy A. Powell            2,095,464         100.00                0        0.00
John F. Petch              2,095,464         100.00                0        0.00
Brian J. Short             2,095,464         100.00                0        0.00    

Appointment of auditor

PricewaterhouseCoopers LLP was reappointed as the auditor of the company (and the directors were authorized to fix its remuneration) by proxies as shown in the attached table.

Number of    % votes for        Number of     % votes  
votes for                  votes withheld    withheld
                             
2,095,464         100.00                0        0.00