Sale of Shares by GDI Insiders - Seite 2

The decision to sell a portion of the shares owned directly or indirectly by Mr. Claude Bigras in the capital of the Corporation was made for financial diversification purposes. "Due to COVID-19, certain of my existing personal investments require additional funding," stated Mr. Bigras. "I strongly believe in the long-term prospects of GDI and remain a significant shareholder with a commitment to help drive the business to the next level."

The net proceeds of these sales will be paid directly to Mr. Claude Bigras and Gestion Claude Bigras. The Corporation will not receive any proceeds from these sales.

All trades are expected to close on or about May 22, 2020. Once these trades are settled, the total number of issued and outstanding shares of the Corporation will be 21,611,513, of which 9,091,200 will be multiple voting shares and 12,520,313 will be subordinate voting shares. An early warning report relating to the Private Placement will be filed on SEDAR under the Corporation's profile at www.sedar.com. The Corporation's head office is located at 695-90 Avenue, LaSalle, Québec, H8R 3A4. A copy of the early warning report described in this news release can be also obtained by contacting Stéphane Lavigne, Senior Vice-President and Chief Financial Officer at [phone], extension 526. This news release is issued under the early warning provisions of the Canadian securities legislation.

ABOUT GDI

GDI is a leading integrated commercial facility services provider which offers a range of services in Canada and the United States to owners and managers of a variety of facility types including office buildings, educational facilities, industrial facilities, healthcare establishments, stadiums and event venues, hotels, shopping centers, distribution facilities, airports and other transportation facilities. GDI's commercial facility services capabilities include commercial janitorial and building maintenance, the installation, maintenance and repair of HVAC-R, mechanical, electrical and building automation systems, as well as other complementary services such as janitorial products manufacturing and distribution. GDI's subordinate voting shares are listed on the Toronto Stock Exchange (TSX: GDI). Additional information on GDI can be found on its website at www.gdi.com.