Mr. Marcel Coutu reports

GREAT-WEST LIFECO ANNOUNCES ELECTION OF DIRECTORS

The 20 nominees listed in Great-West Lifeco Inc.'s management proxy circular dated Feb. 23, 2016, were elected as directors of the corporation at its annual meeting held on May 5 in Winnipeg. The results of the vote by ballot are set out in the accompanying table.

Name                            For       Withheld

Marcel R. Coutu               99.28%          0.72%
Andre Desmarais               89.49%         10.51%
Paul Desmarais, Jr.           87.61%         12.39%
Gary A. Doer                  99.94%          0.06%
Claude Genereux               98.98%          1.02%
Chaviva M. Hosek              99.83%          0.17%
J. David A. Jackson           99.36%          0.64%
Paul A. Mahon                 99.58%          0.42%
Susan J. McArthur             99.44%          0.56%
R. Jeffrey Orr                89.34%         10.66%
Rima Qureshi                  99.95%          0.05%
Henri-Paul Rousseau           98.92%          1.08%
Raymond Royer                 99.55%          0.45%
T. Timothy Ryan               99.39%          0.61%
Jerome J. Selitto             99.90%          0.10%
James M. Singh                99.92%          0.08%
Emoke J.E. Szathmary          99.77%          0.23%
Gregory D. Tretiak            98.97%          1.03%
Siim A. Vanaselja             99.87%          0.13%
Brian E. Walsh                95.60%          4.40%