Old MAV Wind-Down Ltd. — Declaration of Voting Results & Voting Rights Announcements 2021

Jun 24, 2021

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REPORT OF VOTING RESULTS

In accordance with Section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations , the following sets out the matters voted upon at the annual general and special meeting of shareholders (the “ Meeting ”) of MAV Beauty Brands Inc. (the “ Company ”) held on June 23, 2021. Each of the matters set out below is described in greater detail in the Company’s management information circular dated May 10, 2021 (the “ Circular ”).

1. Election of Directors

Each of the six nominees listed in the Circular was elected as a director of the Company for the ensuing year or until their successor is elected or appointed. The results of the votes cast are set out below:

Name of NomineeMarc Anthony VenereChris ElshawJeffrey BarberThomas EnnisJessica GilliganStephen Smith	Votes FOR36,317,47136,013,01135,305,61836,013,01136,153,86636,860,959	%97.9697.1495.2397.1497.5299.42	Votes WITHHELD756,9221,061,3821,768,7751,061,382920,527213,434	%
				2.042.864.772.862.480.58

2. Appointment of Independent Auditor:

Ernst & Young LLP was appointed as the auditor of the Company until the next annual meeting of shareholders or until a successor auditor is appointed and the board of directors of the Company was authorized to fix the remuneration of the auditor. The results of the votes cast are set out below:

Votes FOR37,043,175	%99.86	Votes WITHHELD50,534	%
			0.14

3. Long-Term Incentive Plan Renewal

The renewal of the Company’s Omnibus Long-Term Incentive Plan and approval of all unallocated entitlements thereunder was ratified and approved. The results of the votes cast are set out below:

Votes FOR35,392,392	%95.46	Votes AGAINST1,682,001	%
			4.54