MAPLE LEAF FOODS INC. ANNOUNCES RESULTS OF VOTE FOR ELECTION OF DIRECTORS

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May 02, 2024, 21:37 ET

MISSISSAUGA, ON, May 2, 2024 /PRNewswire/ - Maple Leaf Foods Inc. ("Maple Leaf Foods" or the "Company") (TSX: MFI) reported today that it successfully held its 2024 Annual Meeting of shareholders, with 107 shareholders representing 102,445,927 of the common shares voting in person or by proxy. This represents a voting turnout of 83.49% of the Company's total outstanding common shares.

Each of the directors listed as nominees in the management information circular dated March 13, 2024 were elected as directors of the Company until the next Annual Meeting. The results of the vote for the election of directors were as follows:

Names of Directors	Number of Shares Voted For	Percentage of Shares Voted For	Number of Shares Voted Against	Percentage of Shares Voted Against
W.E. Aziz	101,400,512	99.16 %	857,462	0.84 %
R.G. Close	100,633,046	98.41 %	1,624,927	1.59 %
C.E. Frank	101,435,434	99.20 %	822,540	0.80 %
T.P. Hayes	87,955,854	86.01 %	14,302,119	13.99 %
K.N. Lemon	101,967,974	99.72 %	290,000	0.28 %
A.G. Macdonald	102,152,996	99.90 %	104,978	0.10 %
L. Mantia	101,508,740	99.27 %	749,233	0.73 %
J.W.F. McCain	101,400,540	99.16 %	857,434	0.84 %
M.H. McCain	101,024,203	98.79 %	1,233,770	1.21 %
B. Newlands Campbell	101,502,903	99.26 %	755,070	0.74 %

All other resolutions at the meeting were also successfully approved by shareholders including:

the reappointment of KPMG LLP as the auditors of the Corporation (97.06% of votes cast in favour);
the advisory resolution on Maple Leaf Foods' approach to executive compensation (98.24% of votes cast in favour); and
Amendment to the Option Plan (98.82% of votes cast in favour).

A full report on voting results is available under Maple Leaf Foods' profile on SEDAR+ at www.sedarplus.ca.

About Maple Leaf Foods
Maple Leaf Foods Inc. ("Maple Leaf Foods") is a carbon neutral company with a vision to be the most sustainable protein company on earth, responsibly producing food products under leading brands including Maple Leaf^®, Maple Leaf Prime^®, Maple Leaf Natural Selections^®, Schneiders^®, Schneiders^® Country Naturals^®, Mina^®, Greenfield Natural Meat Co.™, Lightlife^® and Field Roast™. Maple Leaf Foods employs approximately 13,500 people and does business in Canada, the U.S. and Asia. The company is headquartered in Mississauga, Ontario, and its shares trade on the Toronto Stock Exchange (MFI).