First National Financial Corporation Announces Election of Board of Directors

TORONTO, May 19, 2023 /CNW/ - First National Financial Corporation (TSX: FN) (TSX: FN.PR.A) (TSX: FN.PR.B) (the "Corporation") is pleased to announce that all of the nominees listed in its March 27, 2023 Management Information Circular were elected as directors of the Corporation at the annual general meeting of shareholders held on May 16, 2023.

The results of the proxy vote for the election of directors are set out below:

Nominees	Votes For	Percentage of Votes	Votes Withheld	Percentage of Votes Withheld
Stephen Smith	46,552,940	96.98 %	1,447,514	3.02 %
Moray Tawse	46,740,437	97.37 %	1,260,017	2.63 %
Jason Ellis	46,752,350	97.40 %	1,248,104	2.60 %
Duncan Jackman	45,945,770	95.72 %	2,054,684	4.28 %
Robert Mitchell	47,850,469	99.69 %	149,985	0.31 %
Barbara Palk	47,830,637	99.65 %	169,817	0.35 %
Robert Pearce	47,873,554	99.74 %	126,900	0.26 %
Diane Sinhuber	47,982,573	99.96 %	17,881	0.04 %
Martine Irman	47,891,681	99.77 %	108,773	0.23 %

About First National Financial Corporation

First National Financial Corporation (TSX: FN, TSX: FN.PR.A, TSX: FN.PR.B) is the parent company of First National Financial LP, a Canadian-based originator, underwriter and servicer of predominantly prime residential (single-family and multi-unit) and commercial mortgages. With more than $133 billion in mortgages under administration, First National is one of Canada's largest non-bank originator and underwriter of mortgages and is among the top three in market share in the mortgage broker distribution channel. For more information, please visit www.firstnational.ca.

SOURCE First National Financial Corporation

Robert Inglis, Chief Financial Officer, First National Financial Corporation, Tel: [phone], Email: [email protected]; Ernie Stapleton, President, Fundamental, Tel: [phone], Email: [email protected]