Hotchkis & Wiley Capital Management LLC Early Warning Report

LOS ANGELES, April 12, 2019 /CNW/ - This release is being made by Hotchkis & Wiley Capital Management LLC ("H&W") to report historical information concerning holdings in MDC Partners, Inc. (the "Issuer").  H&W is an investment advisor registered with the United States Securities and Exchange Commission and purchases securities on behalf of its clients.

On June 26, 2018, H&W acquired 23,900 common shares (the "Shares") of the Issuer at a price per Share of US$4.9962 for aggregate consideration of US$119,528.68. As a result of this acquisition of the Shares, as at June 26, 2018, H&W had control or direction over 5,986,635 Shares of the Issuer which constituted approximately 10.01% of the issued and outstanding Shares of the Issuer, calculated as at such date in accordance with applicable Canadian securities laws.

On August 15, 2018, H&W acquired 82,800 Shares of the Issuer at an average price per Share of US$4.7870 for aggregate consideration of US$397,788.93. Immediately prior to this acquisition of Shares, H&W had control and direction over 6,849,051 Shares of the Issuer which constituted approximately 11.91% of the issued and outstanding Shares of the Issuer, calculated as at such date in accordance with applicable Canadian securities laws.  Immediately following this acquisition of Shares, as at August 15, 2018, H&W had control or direction over 6,931,851 Shares of the Issuer which constituted approximately 12.05% of the issued and outstanding Shares of the Issuer, calculated as at such date in accordance with applicable Canadian securities laws.

On February 26, 2019, H&W acquired 32,500 Shares of the Issuer at a price per Share of US$3.4807 for aggregate consideration of US$113,447.75. Immediately prior to this acquisition of Shares, H&W had control and direction over 8,019,364 Shares of the Issuer which constituted approximately 13.94% of the issued and outstanding Shares of the Issuer, calculated as at such date in accordance with applicable Canadian securities laws.  Immediately following this acquisition of Shares, as at February 26, 2018, H&W had control or direction over 8,051,864 Shares of the Issuer which constituted approximately 14.00% of the issued and outstanding Shares of the Issuer, calculated as at such date in accordance with applicable Canadian securities laws.

On March 13, 2019, H&W acquired 1,527,000 Shares of the Issuer at a price per Share of US$2.0984 for aggregate consideration of US$3,211,891.80.  Immediately prior to this acquisition of Shares, H&W had control or direction over 8,249,064 Shares of the Issuer which constituted approximately 14.34% of the issued and outstanding Shares of the Issuer, calculated as at such date in accordance with applicable Canadian securities laws. Immediately following this acquisition of Shares, as at March 13, 2019, H&W had control or direction over 9,776,064 Shares of the Issuer which constituted approximately 17.00% of the issued and outstanding Shares of the Issuer calculated as at such date in accordance with applicable Canadian securities laws.

All transactions referred to in this release were conducted through the facilities of NASDAQ.  The Issuer is a reporting issuer under applicable Canadian securities laws and the Shares are listed on NASDAQ.

For the periods that H&W had control or direction over 10% or more of the Shares of the Issuer as described herein (the "Relevant Periods"), the securities that are the subject of this release were acquired, and were held for, investment purposes only by its clients and not for the purpose of exercising control or direction over the Issuer. The acquisitions were made in the ordinary course of H&W`s investment activities for its clients. During the Relevant Periods, H&W did not have any plan or proposal which related to, or would have resulted in H&W acquiring additional ownership or control over the securities of the Issuer, other than in the ordinary course of business of H&W. During the Relevant Periods, H&W's decisions as to whether to acquire or dispose of securities of the Issuer were dependent on H&W investor activity and other factors material to the investment decision, such as publicly available financial information of the Issuer.

In addition, for informational purposes only, H&W reports that as at April 12, 2019, H&W had control or direction over 9,776,064 Shares of the Issuer which constituted approximately 17.00% of the issued and outstanding Shares of the Issuer.  While H&W retains discretion over the buying and selling of 17.00% of the Shares, clients of H&W retain voting authority for 3.99% of the 17.00% of Shares of the Issuer held by H&W on their behalf.

The address of H&W is:

725 S. Figueroa Street, 39^th Floor, Los Angeles, CA, USA  90017

SOURCE Hotchkis & Wiley Capital Management LLC

For further information: or for a copy of the report filed under applicable Canadian securities laws by H&W in connection with the transactions referred to in this press release, please contact Anna Marie Lopez, Chief Operating Officer of H&W at 213-430-1000.