People Corporation completes $25.3M bought deal financing

News Release

PEOPLE CORPORATION CLOSES $25 MILLION BOUGHT DEAL PRIVATE PLACEMENT COMMON SHARE OFFERING

Not for distribution to United States newswire services or for dissemination in the United States

November 22, 2017, Winnipeg, Manitoba – People Corporation (TSXV:PEO) (the “Company”) is pleased to announce that it has closed its previously announced bought deal private placement common share offering (the “Offering”) with a syndicate of underwriters led by Cormark Securities Inc. and including Acumen Capital Finance Partners Limited, Laurentian Bank Securities Inc., National Bank Financial Inc., Clarus Securities Inc. and Macquarie Capital Markets Canada Ltd. (collectively, the “Underwriters”). Pursuant to the Offering, the Company issued 3,776,600 common shares (the “Shares”) of the Company at a price of $6.70 per Share, including 492,600 Shares issued pursuant to the full exercise of the Underwriters’ over-allotment option, for gross proceeds to the Company of $25,303,220. The Underwriters received a cash commission equal to 5.0% of the gross proceeds raised in the Offering.

The net proceeds of the Offering will be used to fund the previously announced acquisition of the assets and business operations of Assurances Dalbec Ltée and related entities, with the balance to be used to repay indebtedness and fund growth initiatives.

The Shares issued in connection with the Offering are subject to a statutory four-month hold which expires on March 23, 2018.

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The common shares will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for account or benefit of, U.S. persons, absent registration or applicable exemption from the registration requirements. Any public offering of securities in the United States must be by means of a prospectus containing detailed information about the Company and management as well as financial statements.

About People Corporation

People Corporation is a national provider of group benefits, group retirement and human resource services. The Company has offices across Canada, each led by a team of experts and backed by the resources of a national company that is traded on the TSXV. The Company’s industry experts provide uniquely valuable insight while customizing an innovative suite of services to the specific needs of its clients. Whatever your sector, whatever your scale, putting People Corporation’s expertise and proven track record to work will make a difference to your people and your bottom line.

Further information is available at www.peoplecorporation.com.