Intertain Group Limited Provides Overview of Management Incentive Plan

TORONTO, ONTARIO--(Marketwired - Aug. 31, 2015) - The Intertain Group Limited ("Intertain" or the "Company") (TSX:IT) today is clarifying details of the Intertain Management Incentive Plan ("MIP") for shareholders and reconfirming management's confidence and ongoing investment in the Company.

The MIP was established by Intertain's Board of Directors (the "Board") after many months of extensive analysis and consultation with a third-party compensation consultant, Global Governance Advisors ("GGA"). The MIP was established to serve the interests of both Intertain and investors, generating substantial reinvestments in the Company, rewarding management for growth and acquisition performance, and contributing to a substantial increase in shareholder value. Notwithstanding this, the Company recognizes that the MIP has become a source of concern for certain shareholders. Consequently, the Board intends to reevaluate the MIP and until such time as a full re-evaluation is completed, John Kennedy FitzGerald, President and CEO, and Keith Laslop, CFO, have agreed to forego all entitlements under the MIP on any future transactions completed by the Company.

Background on Intertain's MIP

The Board engaged GGA to provide independent third-party counsel to evaluate compensation plan options within months of the Company going public. GGA undertook to develop Intertain's compensation philosophy and peer group, as well as design an executive compensation program that aligned executive compensation with shareholder interests.

GGA is a recognized global professional advisory firm that exclusively assists boards, executives and investment organizations in maximizing the effectiveness of their executive compensation, board governance, and overall human resources committee mandate. They are independent and work primarily via board-sponsored mandates.

After reviewing multiple programs over a number of months, the Board approved GGA's recommended MIP as it had the best design to align shareholder value with executive compensation. Despite approval by the Board of the principles and terms contained in the MIP in November 2014, management agreements were only signed and the MIP formally approved by the Compensation Committee in May 2015. The MIP was disclosed publicly in Intertain's Management Information Circular dated May 20, 2015.