CALGARY, May 13, 2020 /CNW/ - ATCO Ltd. (TSX: ACO.X, ACO.Y)

ATCO Ltd. Reports on Voting Results from the 2020 Annual Meeting of Share Owners (CNW Group/ATCO Ltd.)

At the Annual Meeting of Share Owners of ATCO Ltd. (the "Corporation") held on May 13, 2020, a resolution was passed by ballot electing each of the following 9 nominees proposed by management as a Director of the Corporation to hold office until the next Annual Meeting of Share Owners of the Corporation or until his/her successor is elected or appointed.

NOMINEES

VOTES FOR

% IN FAVOUR

Robert T. Booth

11,507,832

99.9

Denis M. Ellard

11,507,432

99.9

Michael R.P. Rayfield

11,507,832

99.9

Robert J. Routs

11,507,732

99.9

Nancy C. Southern

11,507,617

99.9

Linda A. Southern-Heathcott

11,507,032

99.9

Roger J. Urwin

11,507,832

99.9

Susan R. Werth

11,507,017

99.9

Charles W. Wilson

11,507,432

99.9

This matter is described in greater detail in the 2020 Notice of Annual Meeting of Share Owners and Management Proxy Circular dated March 10, 2020.

With approximately 6,500 employees and assets of $22 billion, ATCO is a diversified global corporation with investments in the essential services of Structures & Logistics (workforce and residential housing, innovative modular facilities, construction, site support services, workforce lodging services, facility operations and maintenance, defence operations services, and disaster and emergency management services); Utilities (electricity and natural gas transmission and distribution); Energy Infrastructure (electricity generation, energy storage and industrial water solutions); Retail Energy (electricity and natural gas retail sales); Transportation (ports and transportation logistics); and Commercial Real Estate. More information can be found at www.ATCO.com.

Investor & Analyst Inquiries:

D.A. (Dennis) DeChamplain
Executive Vice President & Chief Financial Officer
T: 403-292-7502

Media Inquiries:

Kurt Kadatz
Senior Manager, Corporate Communications
T: 587-228-4571

Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information.

The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions (including as may be affected by the COVID-19 pandemic), and other factors, many of which are beyond the control of the Company.

The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon.

Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

SOURCE ATCO Ltd.

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