Home Capital Files Annual Meeting Materials

Five new directors nominated to nine-member board

TORONTO, May 31, 2017 /CNW/ - Home Capital Group Inc. ("The Company" TSX: HCG) today announced it has filed on SEDAR meeting materials for its Annual Meeting of Shareholders, which will be held on June 29 in Toronto.

Among the items being considered at the meeting, shareholders will be asked to support the election of nine directors, five of whom are new to the Board this year.

  • Brenda J. Eprile (Joined Board in 2016 and named Chair in 2017)
  • Jacqueline E. Beaurivage (Joined Board in 2014)
  • Robert J. Blowes (Joined Board in 2015)
  • Paul G. Haggis (Joined Board in 2017)
  • Alan R. Hibben (Joined Board in 2017)
  • Claude R. Lamoureux (Joined Board in 2017)
  • James H. Lisson (Joined Board in 2017)
  • Sharon H. Sallows (Joined Board in 2017)
  • Bonita J. Then (Joined Board in 2008)

Brenda J. Eprile, Chair of the Home Capital Board, addressed the significant governance renewal process underway at the Company in her message to shareholders, part of which follows:

As you know we have been experiencing an extremely challenging period for Home Capital. The Company and its Board are doing everything possible to recover from the crisis in confidence Home Capital has faced. It is our firm commitment that Home Capital will do all it can to emerge from this period strong and continue to play a vital role in the Canadian mortgage market.

At the Annual Meeting we will discuss and answer your questions regarding the events of the past few months and the outlook for our future. We understand that recent events affecting the Company have caused significant concern for our shareholders and other stakeholders. We know open and frank communication with our shareholders is extremely important and the upcoming Annual Meeting is a key forum in which to do this.

The director nominees for this Annual General Meeting reflect the significant governance renewal process the Company has undertaken as we seek to rebuild confidence in Home Capital. We have added five tremendously qualified directors in recent weeks, each of whom brings important expertise that will prove vital in our process of renewal. Already, these new directors have made important contributions, and I am confident that they will continue to do so.

The result of these changes is that the Company is moving forward with a Board that is substantially renewed and is well equipped for the work of dealing with the Company's challenges and opportunities.

The meeting is scheduled for June 29 at 10:00 am at One King West, Grand Banking Hall, Toronto. Shareholders can exercise their right to vote by either attending in person or by completing and submitting a proxy. The Management Information Circular, which includes all information about the business of the meeting and instructions on how to complete and submit a proxy, can be found on the Company's website (www.Homecapital.com) or on SEDAR.

Caution Regarding Forward-looking Statements 
This press release contains forward-looking information within the meaning of applicable Canadian securities legislation. Please refer to the Home Capital's 2016 Annual Report, available on Home Capital's website at www.homecapital.com, and on the Canadian Securities Administrators' website at www.sedar.com, for Home Capital's Caution Regarding Forward-looking Statements.

About Home Capital Group Inc.
Home Capital Group Inc. is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of insured residential mortgage products, consumer lending and credit card services. In addition, Home Trust offers deposits via brokers and financial planners, and through its direct to consumer deposit brand, Oaken Financial. Home Trust also conducts business through its wholly owned subsidiary, Home Bank. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Nova Scotia, Quebec and Manitoba.

SOURCE Home Capital Group Inc.

For further information: Media: Boyd Erman, Longview Communications Inc., (416) 649-8007, berman@longviewcomms.ca, or Peter Block, Longview Communications Inc., (416) 649-8008, pblock@longviewcomms.ca; Investors: Laura Lepore, Assistant Vice President, Investor Relations, (416) 933-5652, laura.lepore@hometrust.ca


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