Temple Hotels Inc. Announces Voting Results from the 2018 Annual Meeting of Shareholders

MISSISSAUGA, ON, May 7, 2018

The total number of common shares represented by shareholders present in person or by proxy at the meeting was 17,827,718 representing 70.55% of Temple's outstanding common shares.

1. Election of Directors

The six (6) nominees proposed by management were elected as directors of Temple to hold office until the termination of the next annual meeting of shareholders or until their successors are duly elected or appointed, subject to the provisions of Temple's by-laws. Proxies were received on this matter as follows:

Name	Votes For	% ARIVA.DE Börsen-Geflüster Kurse TEMPLE HOTELS INC 7.25 PCT DEBS -   0,00% TEMPLE HOTELS INC 7.75 PCT DEBS -   0,00% TEMPLE HOTELS INC 8.0 PCT DEBS -   0,00%	Votes Withheld	%
Brent McLean	16,697,542	99.32	114,213	0.68
David J. Nunn	16,701,979	99.35	109,776	0.65
Chris J. Cahill	16,706,884	99.38	104,871	0.62
K. Rai Sahi	16,448,977	97.84	362,778	2.16
Donald W. Turple	16,698,392	99.33	113,363	0.67
Jonathan A. Carnella	16,703,117	99.35	108,638	0.65

2. Appointment of Auditors

The firm of Scarrow & Donald LLP was appointed as auditor of Temple to hold office until the close of the next annual meeting of the shareholders or until their successors are duly appointed, and to authorize the directors to fix the remuneration of the auditor. Proxies were received on this matter as follows:

Temple is a growth oriented hotel investment company with hotel properties located across Canada. Temple is listed on the Toronto Stock Exchange under the symbols TPH (common shares) and TPH.DB.E (convertible debentures). The primary long-term investment objectives of the Company are to yield stable and growing cash flows and to maximize the long-term share value of the Company through the active management of its assets, accretive acquisitions, and the performance of value-added capital improvement programs on selected properties, as deemed appropriate. For further information on Temple, please visit our website at www.templehotels.ca.

This press release contains certain statements regarding the assignment of the asset management which may constitute forward-looking information. The forward-looking information is subject to certain risks and uncertainties, which could result in actual events or results differing materially from the forward-looking statements.

SOURCE Temple Hotels Inc.