CWB announces election of directors

EDMONTON, AB, April 5, 2024 /CNW/ - Canadian Western Bank (TSX: CWB) today announced that all nominees listed in the Management Proxy Circular dated January 29, 2024, were elected as directors of CWB at the Annual Meeting of Common Shareholders held on April 4, 2024. Detailed results of the vote for the election of directors are set out below.

Election of Directors

On a vote by ballot, each of the nine nominees proposed by management was elected as a director of CWB:

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Andrew J. Bibby	46,719,083	95.80	2,047,887	4.20
Maria Filippelli	47,961,616	98.35	805,354	1.65
Christopher H. Fowler	47,977,431	98.38	789,539	1.62
Linda M.O. Hohol	44,705,591	91.67	4,061,379	8.33
E. Gay Mitchell	48,008,509	98.44	758,461	1.56
Sarah A. Morgan-Silvester	47,360,990	97.12	1,405,980	2.88
Margaret J. Mulligan	48,395,488	99.24	371,482	0.76
Irfhan A. Rawji	48,550,200	99.56	216,770	0.44
Ian M. Reid	43,519,016	89.24	5,247,954	10.76

Voting results on all matters voted on at the Annual Meeting of Common Shareholders of CWB will be available on SEDAR+ at www.sedarplus.ca and on CWB's website at www.cwb.com/annual-report-and-annual-meeting.

About CWB Financial Group

CWB is the only full-service financial institution in Canada with a strategic focus to meet the unique financial needs of businesses and their owners. We provide our nationwide clients with full-service business and personal banking, specialized financing, comprehensive wealth management offerings, and trust services. Clients choose CWB for a differentiated level of service through specialized expertise, customized solutions, and faster response times relative to the competition. Our people take the time to understand our clients and their business, and work as a united team to provide holistic solutions and advice.

As a public company on the Toronto Stock Exchange (TSX), CWB trades under the symbols "CWB" (common shares), "CWB.PR.B" (Series 5 preferred shares) and "CWB.PR.D" (Series 9 preferred shares). We are firmly committed to the responsible creation of value for all our stakeholders and our approach to sustainability will support our continued success. Learn more at www.cwb.com.

SOURCE CWB Financial Group

Chris Williams, AVP, Investor Relations, CWB Financial Group, Phone: [phone], Email: [email protected]