Desmarais Family Confirms Control of Power Corporation to Remain with Family

Desmarais Family Confirms Control of Power Corporation to Remain with Family 
MONTREAL, Oct. 16, 2013 /CNW Telbec/ - Upon the death of The Honourable 
PaulG.Desmarais on October 8, 2013, the direct and indirect control of 
PowerCorporation of Canada passed to a Québec testamentary trust governed 
by the Civil Code of Québec (the "Desmarais Family Residuary Trust"). The 
Desmarais Family Residuary Trust is for the benefit of members of the family 
of The Honourable Paul G. Desmarais. The trustees of the Desmarais Family 
Residuary Trust are Jacqueline Desmarais, Paul Desmarais, Jr., André 
Desmarais, MichelPlessis-Bélair and Guy Fortin. The Desmarais family 
member trustees determine how to vote the shares of Power Corporation 
controlled by the Desmarais Family Residuary Trust. The Desmarais Family 
Residuary Trust controls 48,603,392 Participating Preferred Shares of Power 
Corporation and 63,825,142Subordinate Voting Shares of Power Corporation in 
aggregate, representing 99.49 per cent and 15.52 per cent, respectively, of 
the outstanding shares of such classes and 61.10 per cent and 24.43 per cent, 
respectively, of thevotes and equity associated with the total outstanding 
shares of PowerCorporation. The shares are held for investment purposes.

SOURCE  Desmarais family 
Mr. Guy Fortin 759 Victoria Square, Suite 520 Montréal, Québec H2Y 2J7 Tel: 
(514) 281-3371 
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CO: Desmarais family
ST: Quebec
-0- Oct/16/2013 22:31 GMT
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