Dr. Michael Guerriere reports

EXTENDICARE ANNOUNCES VOTING RESULTS FOR ITS 2023 ANNUAL MEETING OF SHAREHOLDERS

Extendicare Inc. has released the results of matters voted on at its annual meeting of shareholders held on May 29, 2023, which included the election as directors of the company of all of the nominees listed in its management information and proxy circular dated April 17, 2023. The voting results for each of the matters considered at the meeting are presented herein.

The total number of common shares represented by shareholders present in person or by proxy at the meeting was 30,681,858, representing 36.14 per cent of the company's outstanding common shares.

1. Election of directors

On a vote by show of hands, the election of nine nominees as directors of the company to hold office until the next annual meeting of the company, or until their respective successors are elected or appointed, was approved. The results of the vote on this matter are set out herein.

             VOTING RESULTS FOR ELECTION OF DIRECTORS

Nominee                  Votes for       %    Votes against      %  

Norma Beauchamp         27,750,564   91.69        2,515,458   8.31
Dr. Michael Guerriere   30,010,728   99.16          255,294   0.84
Sandra L. Hanington     30,003,816   99.13          262,206   0.87
Alan R. Hibben          29,600,513   97.80          665,509   2.20
Brent Houlden           29,972,466   99.03          293,556   0.97
Donna E. Kingelin       29,988,466   99.08          277,556   0.92
Samir Manji             29,648,526   97.96          617,496   2.04
Al Mawani               29,590,249   97.77          675,773   2.23
Alan D. Torrie          29,330,798   96.91          935,224   3.09

2. Appointment of auditor

On a vote by ballot, the appointment of KPMG LLP as the auditor of the company to hold office until the close of the next annual meeting of the company at such remuneration as shall be fixed by the board of directors of the company was approved. The results of the vote on this matter are set out herein.

        VOTING RESULTS FOR AUDITOR

Votes for        %   Votes withheld      %  

29,104,803   94.86        1,577,055   5.14

3. Approach to executive compensation

On a vote by show of hands, a non-binding advisory resolution to accept the company's approach to executive compensation disclosed in the company's information circular was approved. The results of the vote on this matter are set out herein.

 VOTING RESULTS FOR EXECUTIVE COMPENSATION

Votes for        %    Votes against       %  

29,324,727   96.89          941,295    3.11

About Extendicare Inc.

Extendicare is a leading provider of care and services for seniors across Canada, operating under the Extendicare, ParaMed, Extendicare Assist and SGP Purchasing Partner Network brands. It is committed to delivering quality care throughout the health continuum to meet the needs of a growing seniors population. It operates or provides contract services to a network of 103 long-term-care homes and retirement communities (53 owned/50 contract services), provides approximately 9.3 million hours of home health care services annually, and provides group purchasing services to third parties representing approximately 111,800 beds across Canada. Extendicare proudly employs approximately 18,000 qualified, highly trained and dedicated individuals, who are passionate about providing high-quality care and services to help people live better.

We seek Safe Harbor.