Echelon Insurance Announces Election of Directors

TORONTO, May 12, 2015 /CNW/ - Echelon Financial Holdings Inc. ("Echelon") (TSX: EFH) today announced the voting results for the election of its board of directors at its annual general meeting of shareholders.

All eight nominees listed in Echelon's management information circular dated March 10, 2015, were elected as directors.  The detailed results of the vote held at its annual general meeting of shareholders on May 7, 2015, are set out below.

Nominees	Votes For	% For	Votes Withheld	% Withheld
Peter Crawford	7,446,227	86.96%	1,116,726	13.04%
Steve Dobronyi	8,558,703	99.95%	4,250	0.05%
Ani Hotoyan-Joly	8,558,703	99.95%	4,250	0.05%
Serge Lavoie	8,558,703	99.95%	4,250	0.05%
Douglas E. McIntyre	8,558,703	99.95%	4,250	0.05%
Carol Poulsen	7,413,147	86.57%	1,149,806	13.43%
Robert Purves	8,456,064	98.75%	106,889	1.25%
Angus Ross	8,456,164	98.75%	106,789	1.25%

The resolutions to change the Company's name from EGI Financial Holdings Inc. to Echelon Financial Holdings Inc., to re-appoint PricewaterhouseCoopers LLP as the auditors of the Corporation and to approve unallocated stock options were each carried.

Mr. Purves, Chairman of the Board, thanked the departing director, Bruce West, for his valuable contribution during his years of service as director.

About Echelon Insurance

Founded in 1997, Echelon Insurance operates in the property and casualty insurance industry in Canada and Europe, primarily focusing on non-standard automobile insurance and other niche and specialty general insurance products.  It trades on the Toronto Stock Exchange under the symbol EFH.

SOURCE EGI Financial Holdings Inc.

Kathy Shulman, Manager, Investor Relations, 905-214-7880, [email protected], www.echeloninsurance.ca