Mr. Chris Williams reports

CWB ANNOUNCES ELECTION OF DIRECTORS

All nominees listed in the management proxy circular dated Jan. 29, 2024, were elected as directors of Canadian Western Bank at the annual meeting of common shareholders held on April 4, 2024. Detailed results of the vote for the election of directors are set out herein.

Election of directors

On a vote by ballot, each of the nine nominees proposed by management was elected as a director of Canadian Western.

Voting results on all matters voted on at the annual meeting of common shareholders of Canadian Western will be available on SEDAR+ and on Canadian Western's website.

About Canadian Western Bank

Canadian Western is the only full-service financial institution in Canada with a strategic focus to meet the unique financial needs of businesses and their owners. It provides its nationwide clients with full-service business and personal banking, specialized financing, comprehensive wealth management offerings, and trust services. Clients choose Canadian Western for a differentiated level of service through specialized expertise, customized solutions and faster response times relative to the competition. The bank takes the time to understand its clients and their business, and works as a united team to provide holistic solutions and advice.

As a public company on the Toronto Stock Exchange, Canadian Western trades under the symbols CWB (common shares), CWB.PR.B (Series 5 preferred shares) and CWB.PR.D (Series 9 preferred shares). It is firmly committed to the responsible creation of value for all its stakeholders, and its approach to sustainability will support its continued success.