An anonymous director reports

IA FINANCIAL GROUP WILL HOLD ITS ANNUAL MEETINGS VIRTUALLY ON MAY 7

The annual shareholder meeting of iA Financial Corp. Inc., and the annual meeting of the sole common shareholder and of the participating policyholders of Industrial Alliance Insurance and Financial Services Inc. will be held at the same time on Thursday, May 7, 2020, and will be completely virtual.

This year, out of an abundance of caution to pro-actively deal with the unprecedented public health impact of COVID-19, and to mitigate the health and safety risks to its shareholders, employees and other stakeholders, the company will hold its meeting in virtual-only format, via live audio webcast only.

Shareholders, participating policyholders, investors or members of the public will not be able to attend the meeting in person. Shareholders and participating policyholders will have an equal opportunity to participate in the on-line meeting, regardless of geographic location.

The virtual annual meetings of iA Financial Corp. and iA Insurance will be held on Thursday, May 7, 2020, at 2 p.m. ET (password: iA2020). For detailed instructions on how to join the webcast and vote at the virtual meeting, shareholders should refer to the proxy circular relating to the annual meeting of iA Financial Corp., and participating policyholders should consult the information document for participating policyholders relating to the annual meeting of iA Insurance as well as their proxy form or their voting instruction form.

Registered shareholders and duly appointed proxyholders will be able to participate in the meeting, ask questions and exercise their voting rights, all in real time, provided they are connected to the Internet and comply with all the provisions set out in the circular. Beneficial owners who have not duly appointed themselves as proxyholders will be entitled to attend the meeting as guests but will not be entitled to vote at the meeting.

Participating policyholders who wish to exercise their right to vote by proxy before the meeting must obtain a proxy form by communicating by e-mail with the corporate secretariat of iA Financial Group at secretariat_corporatif@ia.ca. Participating policyholders who wish to participate in the meeting and vote at the meeting must also contact the corporate secretariat of iA Financial Group at secretariat_corporatif@ia.ca to obtain a control number allowing them to log on to the meeting via the link mentioned above and vote at the meeting.

The company strongly encourages shareholders and participating policyholders to vote before the meeting using any of the methods listed on their proxy form or voting instruction form. In order for a proxy to be voted at the annual meetings, the completed proxy form must be received by Computershare Investor Services Inc. no later than 5 p.m. local time on May 5, 2020.

Annual report and documents relating to the annual meetings are available on-line.

The 2019 annual report, circular and information document are now available on-line on the iA website. The annual report and the circular are also available on SEDAR. The shareholders of iA Financial Corp. will receive the document relating to the annual meeting in the coming days.

The annual report includes the management's discussion and analysis, the consolidated financial statements, and various other information about iA Financial Group.

The circular presents, among other things, information relating to the exercise of voting rights at the annual meeting of iA Financial Corp., information on the board of directors and governance practices, and executive compensation.

The information document presents, among other things, information relating to the exercise of voting rights at the annual meeting of iA Insurance, information on the board of directors and governance practices, and board compensation.

If you have any questions or would like additional information regarding the annual meetings, please contact Computershare at 1-800-564-6253 (toll-free from Canada and United States) or 1-514-982-7555 (from other countries).

About iA Financial Group

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is one of Canada's largest public companies and is listed on the Toronto Stock Exchange under the ticker symbols IAG (common shares) and IAF (preferred shares).