Melcor Developments Ltd. — Regulatory Filings 2021

May 20, 2021

PRESS RELEASE

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for immediate distribution

Melcor announces Annual General Meeting voting results

Edmonton, Alberta | May 20, 2021

Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today announced the results of its annual general meeting (AGM), held today. A total of 25,064,984 shares (64 shareholders) were voted in person or by proxy, representing 75.75% of the outstanding shares as of the record date. Shareholders approved all items of business before the AGM, including the election of directors as follows:

Nominee	% Votes For	% Votes Withheld
Douglas Goss	99.85%	0.15%
Ross Grieve	95.38%	4.62%
Andrew Melton	96.25%	3.75%
Kathleen Melton	96.50%	3.50%
Timothy Melton	95.32%	4.68%
Bruce Pennock	99.81%	0.19%
Catherine Roozen	96.50%	3.50%
Ralph Young	95.17%	4.83%

About Melcor Developments Ltd.

Melcor is a diversified real estate development and asset management company with a rich heritage of innovation in real estate since 1923.

Through integrated operating divisions, Melcor manages the full life cycle of real estate development: acquiring raw land, community planning, construction and development, and managing revenueproducing office, retail and residential assets. Melcor develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centres and golf courses.

Melcor is committed to building communities that enrich quality of life – communities where people live, work, shop and play.

Contact Information:

Nicole Forsythe Director, Corporate Communications 780-945-4707 ir@melcor.ca

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