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Postmedia Network Canada Corp. Adopts Advance Notice By-Law

  Postmedia Network Canada Corp. Adopts Advance Notice By-Law

Business Wire

TORONTO -- October 25, 2013

Postmedia Network Canada Corp. (“Postmedia” or the “Company”) today announced
the approval and adoption by its board of directors (the “Board”) of
amendments to its by-laws to include advance notice provisions (the “Advance
Notice Provisions”), the purpose of which is to require advance notice to be
provided to the Company in circumstances where nominations of persons for
election to the Board are made by shareholders of the Company other than
pursuant to: (i) a requisition of a meeting of shareholders made pursuant to
the provisions of the Canada Business Corporations Act; or (ii) a shareholder
proposal made pursuant to the provisions of that Act.

The purpose of the Advance Notice Provision is to provide shareholders,
directors and management of the Company with a clear framework for nominating
directors. Among other things, the Advance Notice Provision fixes a deadline
by which shareholders of the Company must submit nominations to the Company
prior to any annual or special meeting of the shareholders and sets forth the
minimum information that a shareholder must include in the notice to the
Company for the notice to be in proper written form.

In the case of an annual meeting of the shareholders of the Company, notice to
the Company must be made not less than 30 days and no more than 65 days prior
to the date of the annual meeting; provided, however, in the event that the
annual meeting is to be held on a date that is less than 50 days after the
date on which the first public announcement of the date of the annual meeting
was made, notice may be made not later than the close of business on the 10th
day following such public announcement.

In the case of a special meeting of shareholders (which is not also an annual
meeting), notice to the Company must be made not later than the close of
business on the 15th day following the day on which the first public
announcement of the date of the special meeting was made.

The Advance Notice Provision is effective immediately and will be placed
before shareholders for ratification at the upcoming annual general and
special meeting of shareholders of the Company scheduled for January 9, 2014.
A copy of the by-law amendment can be viewed by going to the Company’s profile
at www.sedar.com.

About Postmedia Network Canada Corp.

Postmedia Network Canada Corp. (TSX:PNC.A, PNC.B), is the holding company that
owns Postmedia Network Inc., the largest publisher by circulation of paid
English-language daily newspapers in Canada, representing some of the
country’s oldest and best known media brands. Reaching millions of Canadians
every week, Postmedia engages readers and offers advertisers and marketers
integrated solutions to effectively reach target audiences through a variety
of print, online, digital, and mobile platforms.

Contact:

Postmedia Network Canada Corp.
Phyllise Gelfand, 416-442-2936
Vice President, Communications
pgelfand@postmedia.com
 
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