Mr. Merick Seguin reports

LAURENTIAN BANK ANNOUNCES THE ELECTION OF ITS DIRECTORS

The candidates nominated as directors of Laurentian Bank of Canada, as identified in the management proxy circular dated Feb. 9, 2024, have each been elected. The election took place earlier today, during the bank's annual meeting of shareholders. The detailed results of the vote are set out in the attached table.

Voting results on all matters voted on at the annual meeting of shareholders of the bank will be filed on SEDAR+.

About Laurentian Bank of Canada

At Laurentian Bank, it believes it can change banking for the better by seeing beyond numbers.

Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, it has approximately 3,000 employees working together as one team to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. It protects, manages and expands $48.1-billion in balance sheet assets and $26.5-billion in assets under administration.

It drives results by placing its customers first, making the better choice, acting courageously and believing everyone belongs.