Equitable Group Announces Election of Directors

TORONTO, May 17, 2016 /CNW/ - Equitable Group Inc. (the "Company") (TSX: EQB and EQB.PR.C) today announced that each of the ten nominees listed in the Management Information Circular dated April 6, 2016, were elected as directors of the Company at its Annual Meeting of Shareholders held earlier today in Toronto.

Detailed results of the vote are set out below.

NOMINEE	VOTES FOR		VOTES WITHHELD
Eric Beutel	11,705,059	100.00%	320	0.00%
Johanne Brossard	11,704,759	99.99%	620	0.01%
Michael Emory	11,627,427	99.33%	77,952	0.67%
Eric Kirzner	11,704,236	99.99%	1,143	0.01%
David LeGresley	11,627,427	99.33%	77,952	0.67%
Lynn McDonald	11,702,004	99.97%	3,375	0.03%
Andrew Moor	11,704,759	99.99%	620	0.01%
Rowan Saunders	11,704,979	100.00%	400	0.00%
Vincenza Sera	11,704,759	99.99%	620	0.01%
Michael Stramaglia	11,704,759	99.99%	620	0.01%

Final voting results on all matters voted on at the Meeting have been filed on SEDAR at www.sedar.com and on the Company's website at www.equitablebank.ca.

About Equitable Group Inc.
Equitable Group Inc. is the parent company of Equitable Bank, Canada's ninth largest independent Schedule I bank. Through its proven branchless approach and customer service focus, Equitable has grown to over $18.6 billion of assets under management by offering Canadians a diverse suite of residential lending, commercial lending and savings solutions. Most recently, Equitable launched a digital banking operation, EQ Bank, along with its flagship product the EQ Bank Savings Plus Account.  Equitable Bank currently employs over 500 employees across the country, and was named one of Canada's best employers for 2016 by Aon. For more information about Equitable Bank and its products, please visit  www.equitablebank.ca.

SOURCE Equitable Group Inc.

Andrew Moor, President and Chief Executive Officer, 416-515-7000