WesternOne Inc. Announces Proposed Share Consolidation - Seite 2

Forward-Looking Information

Certain statements in this news release may constitute "forward-looking" information that involves known and unknown risks, uncertainties and other factors, and it may cause actual results, performance or achievements or industry results, to be materially different from any future results, performance or achievements or industry results expressed or implied by such forward-looking information. Forward-looking information is identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would", and similar terms and phrases, including references to assumptions. Such information includes, without limitation, statements with respect to the date of the special meeting, WesternOne's beliefs and expectations related to the results of the Consolidation, the Consolidation ratio to be selected by the board of directors of WesternOne; the timing for implementation, if any, of the Consolidation; and the economic effect of the Consolidation on shareholders of WesternOne and holders of securities exercisable or exchangeable for, or convertible into, common shares.

Forward-looking information contained in this news release is based on certain key expectations and assumptions made by WesternOne, including, without limitation: WesternOne will be able to obtain all necessary regulatory approvals on a timely basis; the Consolidation will be approved by shareholders at the special meeting; the stability of the economy in Western Canada and the United States; a protracted period of lower crude oil prices; the supply and demand for WesternOne's products and services and the related impact on the pricing on such products and services will remain consistent with WesternOne's current expectations; the expected manufacturing activities of WesternOne's business units for the remainder of 2016; and estimated future tax rates.

Forward-looking information reflects current expectations of management regarding future events and operating performance as of the date of this news release. Such information involves significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking information, including, but not limited to, the factors set out under the section "Particulars of Matters to be Acted Upon - Amendment to the Articles of Amalgamation of the Corporation - Share Consolidation - Certain Risk Factors Associated with the Share Consolidation" within WesternOne's Notice of Special Meeting and Information Circular dated September 27, 2016, and the factors set out under the section "Risk Factors" in each of WesternOne's Annual Information Form dated March 30, 2016 and WesternOne's Management's Discussion and Analysis dated August 11, 2016, each of which is available on SEDAR (www.sedar.com).