FOR IMMEDIATE RELEASE VIA THE CANADIAN CUSTOM DISCLOSURE NETWORK

NEWS RELEASE

MAGELLAN AEROSPACE ANNOUNCES REPORT ON VOTING RESULTS FOR DIRECTORS

Mississauga, – May 1, 2018 - Corporation (the "Corporation") announces that today at the annual meeting of shareholders of the Corporation (the “Meeting”) the proposed nominees for directors of the Corporation received the following votes:

Percentage of Percentage of Votes Votes Name of Proposed Nominee Votes For Votes For Withheld Withheld N. Murray Edwards 52,243,117 99.55% 233,963 0.45%

Phillip C. Underwood 52,309,639 99.68% 167,441 0.32%

Beth M. Budd Bandler 52,461,331 99.97% 15,749 0.03%

William G. Davis 51,024,465 97.23% 1,452,615 2.77%

William A. Dimma 51,011,886 97.21% 1,465,194 2.79%

Bruce W. Gowan 52,256,968 99.58% 220,112 0.42%

Larry G. Moeller 52,244,912 99.56% 232,168 0.44%

Steven Somerville 52,369,181 99.79% 107,899 0.21%

As a result, all of the above named nominees have been elected to hold office for the ensuing year, or until their successors are duly elected or appointed, subject to the provisions of the Business Corporations Act (Ontario) and by-laws of the Corporation.

About Magellan Aerospace:

Magellan Aerospace is one of the world's most integrated aerospace industry suppliers. Magellan designs, engineers, and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced products for military and space markets, and complementary specialty products. Magellan is a public company whose shares trade on the (TSX: MAL), with operating units throughout , the United States, the , India, Northern Ireland, and Poland.

For additional information:

Phillip C. Underwood Elena M. Milantoni Chief Executive Officer Chief Financial Officer Magellan Aerospace Corporation Magellan Aerospace Corporation T : +1 (905) 677-1889 T: +1 (905) 677-1889 E: [email protected] E: [email protected]