PR Newswire | Dec 15, 2020 11:22AM EST

Meetings In 2021

12/15 10:21 CST

Joint Statement By Canadian Banks And Life Insurance Companies Regarding Annual Meetings In 2021 TORONTO, Dec. 15, 2020

TORONTO, Dec. 15, 2020 /CNW/ - This is a joint statement issued by BMO, CIBC, Canadian Western Bank, Laurentian Bank, National Bank, RBC, Scotiabank, TD Bank Group, Great-West Lifeco, Canada Life, Manulife and Sun Life. Each of us continues to actively monitor COVID-19 developments and the directives from public health and government authorities for group gatherings and social distancing. We have been taking a series of proactive precautionary measures to help protect the health and well-being of our employees, clients and communities. This degree of care and concern extends to all of our shareholders and policyholders, and we have been carefully considering alternatives for our respective annual meetings in 2021.

The health and well-being of our employees, clients, investors and communities is our collective priority. As a result of the anticipated ongoing impact of COVID-19, and in consideration of the evolving protocols from public health and government authorities, we have jointly obtained a court order that allows us to hold our annual meetings in 2021, in whole or in part, using electronic means. The order permits our meetings to be conducted over one or more of webcasting, teleconference or other electronic means, in each case in addition to, or instead of, an in-person meeting, and permits alternative means for distributing meeting materials. In March 2020, we jointly obtained a similar court order. We are considering ways to enhance the participant experience in 2021, leveraging the learnings from our respective 2020 annual meetings. The order was obtained because Canadian banks and insurance companies are not permitted to conduct an electronic annual meeting in lieu of an in-person meeting without relief from the court.

We believe these precautions are prudent measures to protect the health and well-being of our stakeholders, while supporting shareholder and policyholder engagement and their ability to attend and exercise their rights.

The specific arrangements for each annual meeting will be announced separately prior to the scheduled date. We encourage our shareholders and policyholders to visit our websites in advance of our annual meetings for the most current information.

Bank of Montreal

BMO Life Assurance Company The Bank of Nova Scotia

Media Relations Media Relations

Paul Gammal Laura Mergelas(416) 867-3996paul.gammal@bmo.com (437) 244-7863 (m) | (416) 285-2639 (o)

laura.mergelas@scotiabank.com

Investor Relations Bill Anderson(416) 867-7834bill2.anderson@bmo.com

Canadian Imperial Bank of Commerce Canadian Western Bank

Media Relations Investor Relations

Trish Tervit Chris Williams

(416) 813-9119 (780) 508-8229

trish.tervit@cibc.com chris.williams@cwbank.com

National Bank of Canada

Media Relations

Laurentian Bank of Canada Marie-Pierre Jodoin

Media Relations (514) 394-4209

Fabrice Tremblay mariepierre.jodoin@nbc.ca

(438) 989-6070 (m)

(514) 284-4500 x 40020 (o) Investor Relations

fabrice.tremblay@blcgf.ca Marianne Ratt?

1-866-517-5455

investorrelations@nbc.ca / relationsinvestisseurs@bnc.ca

Royal Bank of Canada The Toronto-Dominion BankRBC Life Insurance Company Media RelationsMedia Relations Natasha FerrariGillian McArdle (416) 400-9098(416) 842-4231 natasha.ferrari@td.comgillian.mcardle@rbc.com Investor RelationsInvestor Relations Gillian ManningAsim Imran (416) 308-6014(416) 955-7804 gillian.manning@td.comasim.imran@rbc.com

Great-West Lifeco Inc. Manulife Financial Corporation

The Canada Life Assurance Company The Manufacturers Life Insurance Company

Media Relations Media Relations

Liz Kulyk Gillian Earle

(204) 391-8515 (289) 834-0862

media.relations@canadalife.com gillian_earle@manulife.com



Investor Relations Investor Relations

Deirdre Neary Adrienne O'Neill

(647) 328-2134 (416) 926-6997

deirdre.neary@canadalife.com adrienne_oneill@manulife.com

Sun Life Financial Inc.

Sun Life Assurance Company of Canada

Media Relations

Rajani Kamath

(416) 979-6070

rajani.kamath@sunlife.com



Investor Relations

Leigh Chalmers

(647) 256-8201

investor.relations@sunlife.com

SOURCE Canadian Banks and Life Insurance Companies