Algoma Central Corporation Announces Results of Annual General Meeting

May 06, 2019

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St. Catharines, Ontario (May 6, 2019) — Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, held its Annual General Meeting of Shareholders (the “Meeting”) on May 3, 2019. Each of the matters set out below were voted upon at the Meeting and are described in greater detail in the Company’s Management Information Circular dated  March 1, 2019, available online at www.algonet.com/investor-relations or on www.sedar.com.

1. Election of Directors

All of the nominees listed in the Management Information Circular were elected as directors until the next annual general meeting of shareholders with the support of 86% of shares voted.

Nominee	Outcome	Votes For	Votes Withheld	Total
Richard B. Carty	Elected	32,100,755	540,620	32,641,375
Paul Gurtler	Elected	32,556,862	84,513	32,641,375
E.M. Blake Hutcheson	Elected	31,367,228	1,274,147	32,641,375
Duncan N.R. Jackman	Elected	32,490,647	150,728	32,641,375
Mark McQueen	Elected	32,578,962	62,413	32,641,375
Clive P. Rowe	Elected	32,558,392	82,983	32,641,375
Harold S. Stephen	Elected	32,556,242	85,133	32,641,375
Eric Stevenson	Elected	32,560,642	80,733	32,641,375

2. Appointment of Auditors

Professional accounting firm Deloitte LLP was appointed as independent auditors of the Company.

Outcome	Votes For	Votes Withheld	Total
Approved	32,850,624	73,300	32,923,924

About Algoma Central

Algoma owns and operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes - St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers.  Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma, which owns and operates a diversified portfolio of dry-bulk fleets serving customers internationally.

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