Aecon announces results of vote for the election of directors

TORONTO, May 10, 2018 Aecon Group Inc. (TSX: ARE) announced today that the nominees listed in the Management Information Circular dated April 5, 2018 were elected as directors of Aecon Group Inc., to hold office until the next Annual Meeting of Shareholders or until their successors are appointed.

The advisory resolution to accept management's approach to executive compensation, the ordinary resolution to confirm all unallocated deferred share units and restricted share units under the Corporation's long-term incentive plan, both as disclosed in the Corporation's Management Information Circular dated April 5, 2018, and the appointment of PricewaterhouseCoopers LLP as the auditors of the Corporation to hold office until the close of the next Annual Meeting of Shareholders of the Corporation, were also approved.

The detailed results of the vote are as follows:

Name of Nominee	Votes in Favour	%	Against	Votes Withheld	%
John M. Beck	36,549,860	99.64		132,121	0.36
Michael A. Butt	34,283,139	93.46		2,398,842	6.54
Joseph A. Carrabba	35,884,767	97.83		797,214	2.17
Anthony P. Franceschini	36,074,760	98.34		607,221	1.66
J.D. Hole	36,563,476	99.68		118,505	0.32
Susan Wolburgh Jenah	36,511,649	99.54		170,332	0.46
Eric Rosenfeld	33,396,227	91.04		3,285,754	8.96
Monica Sloan	36,518,521	99.55		163,460	0.45
The Hon. Brian V. Tobin, P.C., O.C.	34,893,637	95.12		1,788,344	4.88
Appointment of Auditors	36,556,776	99.15		313,607	0.85
Say-on-Pay Resolution	34,754,090	94.74	1,927,891		5.26
Management Long- Term Incentive Plan	33,508,646	91.35	3,173,335		8.65

The final voting results on all matters voted on at the annual shareholders meeting held on May 10, 2018, have been posted on the Corporation's SEDAR profile at www.sedar.com and on the Corporation's website at www.aecon.com.

About Aecon

Aecon Group Inc. (TSX: ARE) is a Canadian leader and partner-of-choice in construction and infrastructure development.  Aecon provides integrated turnkey services to private and public-sector clients in the Infrastructure and Industrial sectors, and provides project management, financing and development services through its Concessions segment. For more information, please visit aecon.com and follow us on Twitter at @AeconGroup.

Statement on Forward-Looking Information

The information in this press release includes certain forward-looking statements. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties.  Forward-looking statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, ongoing objectives, strategies and outlook for Aecon.  Forward-looking statements, may in some cases be identified by words such as "will," "plans," "believes," "expects," "anticipates," "estimates," "projects," "intends," "should" or the negative of these terms, or similar expressions. In addition to events beyond Aecon's control, there are factors which could cause actual or future results, performance or achievements to differ materially from those expressed or inferred herein including, but not limited to: the timing of projects, unanticipated costs and expenses, general market and industry conditions and operational and reputational risks, including Large Project Risk and Contractual Factors.  Readers are referred to the specific risk factors relating to and affecting Aecon's business and operations as filed by Aecon pursuant to applicable securities laws.  Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Aecon undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE Aecon Group Inc.

Investor Relations: Stephen King, 416 297 2600 x3825, [email protected]; Media Relations: Nicole Court, [phone] x3824, [email protected]

Related Links

http://www.aecon.com