ADF GROUP INC. ANNOUNCES THE RESULTS OF THE DIRECTORS' ELECTION

TERREBONNE, QC, June 12, 2024 /CNW/ - ADF GROUP INC. ("ADF" or the "Corporation") (TSX: DRX) has announced its director election results following its annual meeting of shareholders held on June 11, 2024.

Each of the nominees proposed as director in the management proxy circular dated April 15, 2024 was elected as director of ADF Group Inc. by a majority of the shareholders entitled to vote on a vote by way of ballot.

In total, 4,168,030 Subordinate Voting Shares (approximately 22.78 % of the class) and 14,343,107 Multiple Voting Shares (100% of the class) were represented in person or by proxy at the meeting, representing approximately 91.26 % of the voting rights attached to the shares issued and outstanding as at the record date of April 15, 2024.

The percentage of votes cast for or withheld from the vote with respect to each of the directors were distributed as follows: 

Directors	Percentage of Votes (rounded)
	For	Withheld
Jean Paschini	99.29 %	0.71 %
Pierre Paschini	99.39 %	0.61 %
Marise Paschini	99.39 %	0.61 %
Danilo D'Aronco	99.39 %	0.61 %
Myriam Blouin	99.82 %	0.18 %
Guy Pelletier	99.99 %	0.01 %
Jean Rochette	99.99 %	0.01 %
Richard Martel	99.99 %	0.01 %

About ADF Group Inc.

ADF Group Inc. is a North American leader in the design and engineering of connections, fabrication, including industrial coatings, and installation of complex steel structures, heavy steel built-ups, as well as in miscellaneous and architectural metals for the non-residential construction industry. ADF Group Inc. is one of the few players in the industry capable of handling highly technically complex mega projects on fast-track schedules in the commercial, institutional, industrial and public sectors. The Corporation operates two fabrication plants and two paint shops, in Canada and in the United States.

SOURCE ADF Group Inc.

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