[May 24, 2017]

Espial Shareholders Advised to Take No Action in Response to Dissident Solicitation

Espial (News - Alert) Group Inc. ("Espial" or the "Company") (TSX:ESP) advises shareholders that Vantage Asset Management Inc. ("Vantage") has revised its proposed slate of nominees for election to the Board. The Board will provide a formal response to Vantage's announcement at a later date.

However, Espial reminds shareholders that it has already proposed a full complement of experienced director nominees. Your Board recommends that shareholders submit their proxy in favour of Espial's nominees. Make certain to use Management's form of proxy and not the blue proxy.

The directors nominated by the Company include five of the directors elected at Espial's last annual general meeting (Peter Seeligsohn, Michael Lee, Michael Hayashi, Kumanan Yogaratnam and Jaison Dolvane) and one new nominee, Aamir Hussain.

Mr. Hussain is Executive Vice President and Chief Technology and Information Officer for CenturyLink (News - Alert), the 3rd largest telecommunications service provider in the USA with $18 billion in revenues. Mr. Hussain leads product, platforms, infrastructure, cloud, network operations and information technology for CenturyLink, a global communications, hosting, cloud and IT services company that provides broadband, voice, video, data and managed services to millions of customers.

Biographies of the Company's nominees are available in the Management Information Circular dated April 28, 2017, filed on SEDAR at www.sedar.com and also available on the Company's website at www.espial.com/discover/investor-informaiton. The Company's Annual General and Special Meeting is scheduled for June 13, 2017 in Ottawa. The voting deadline is June 9^th, 2017.

Shareholders who have any questions or require assistance with voting may contact Espial's Proxy Solicitation Agent: Laurel Hill Advisory Group.

Toll Free: 1-877-452-7184
International: +1 416-304-0211 outside Canada and the US
Email: [email protected]

About Espial (www.espial.com)

With Espial, video service providers create responsive and engaging subscriber viewing experiences incorporating powerful content discovery and intuitive navigation. Service providers achieve 'Web-speed' innovation with Espial's flexible, open software leveraging RDK and HTML5 technologies. This provides competitive advantage through an immersive and personalized user experience, seamlessly blending advanced TV services with OTT content. With customers spanning six continents, Espial is headquartered in Ottawa, Canada, with R&D centers in Seattle, Montreal, Silicon Valley, Cambridge and Lisbon, and with sales offices in North America, Europe and Asia. For more information, visit www.espial.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170524005702/en/

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