Mr. George Mavroudis reports

GUARDIAN SMART INFRASTRUCTURE MANAGEMENT ANNOUNCES ADDITION OF ANOTHER SENIOR INFRASTRUCTURE EXECUTIVE

Guardian Smart Infrastructure Management (GSIM), the direct private infrastructure investment business of Guardian Capital Group Ltd., has added Kevin Roseke to its team, to be based out of London in the United Kingdom.

Mr. Roseke was most recently a partner of Smart Infrastructure Managers, alongside GSIM team members Rob Mah and Chris Lee. Prior to that, he spent 15 years with a large public investment fund building out a direct infrastructure portfolio, including investments in digital technology solutions for portfolio infrastructure assets.

"We are pleased that Kevin will be joining us during the execution and growth stage of the GSIM strategy," said George Mavroudis, president and chief executive officer, Guardian. "Institutional investors are looking at this space as a key differentiator from traditional core and other value-added infrastructure strategies, and Kevin's experience as a respected global infrastructure investor will add further value. We plan to leverage Kevin and the team's significant experience to move into the next phase of infrastructure investing with our partners."

"I've worked alongside Kevin for almost a decade and believe his experience in financing and implementing digital solutions with large-scale infrastructure assets will be key to our success," said Mr. Mah. "Kevin has first-hand experience in situations where proven, value-enhancing technologies were applied to existing infrastructure and greenfield assets to create operational efficiencies, enhance financial outcomes and increase ESG capabilities for those assets. He will be a great addition to our GSIM team."

"I'm really looking forward to this great opportunity in the smart infrastructure space," said Mr. Roseke. "Having worked with both Rob and Chris for years, joining them to now build out this strategy with Guardian is extremely exciting."

About Guardian Capital Group Ltd.

Guardian is a diversified, global financial services company operating in two main business segments: asset management and wealth management. As at Dec. 31, 2021, Guardian had $56.3-billion of assets under management and $31.5-billion of assets under administration. Guardian provides extensive institutional and private wealth financial solutions to clients through its subsidiaries, while offering comprehensive wealth management services to financial advisers in its national mutual fund dealer, securities dealer and insurance distribution network. It also maintains and manages a proprietary investment portfolio with a fair market value of $752-million as at Dec. 31, 2021. Founded in 1962, Guardian's reputation for steady growth, long-term relationships, and its core values of trustworthiness, integrity and stability have been key to its success over six decades. Its common and Class A shares are listed on the Toronto Stock Exchange as GCG and GCG.A, respectively.