For Immediate Release: July 7, 2016

WINNIPEG, MB – This message serves as an update regarding the Winnipeg Police Service review surrounding allegations that RRC’s former President used marble from the Union Bank Tower for a home renovation project.

In January 2015, the board asked the Winnipeg Police Service to review these allegations. Prior to engaging the police, the Board had conducted their own internal investigation but the results were inconclusive, which resulted in our decision to ask the Winnipeg Police for their assistance, as they possessed the necessary tools and authority to properly review this matter.

The Winnipeg Police Service has conducted a review and has determined there is no evidence to support a criminal investigation. Any further inquiries regarding the review should be directed to the Winnipeg Police Service.

At this time the Board will not pursue this matter further and we believe this new information closes the door on this issue.

I want to thank the Winnipeg Police Service for their assistance in thoroughly reviewing this matter on behalf of the Board of Governors.

-30-

Note to Editors: RRC Board Chair, Lloyd Schreyer is available this morning for interviews. Please contact Conor Lloyd at (204)795-2864 to make arrangements.