I​BI​ Group Inc. Announces Redemption of 5.75% Convertible Unsecured Subordinated Debentures Due June 30, 2017


TORONTO, ON--(Marketwired - November 18, 2015) - IBI Group Inc. (the "Company") (TSX: IBG) today announced that it will redeem in cash all of its 5.75% unsecured subordinated convertible debentures at principal of $20 million due June 30, 2017 (the "Debentures") in accordance with the terms of the Debentures.

The Debentures will be redeemed by the Company on December 18, 2015, at principal of $1,000 each, plus accrued and unpaid interest of $26.78 up to but excluding the redemption date.

The Company has sent a notice to CIBC Mellon Trust Company, as trustee, under the trust indenture dated as of September 30, 2009 between the Company and CIBC Mellon Trust Company.

Beneficial holders of debentures should contact their investment dealer if they have any questions about the redemption. The interest upon the principal amount of debentures called for redemption will cease to be payable from and after the redemption date.

A full description of the redemption process is set out in IBI's final short-form prospectus dated April 21, 2010. Holders of the debentures may also refer to the Trust Indenture dated as of September 30, 2009 and the First Supplemental Indenture dated as of April 28, 2010. All of the foregoing documents are available under IBI's SEDAR profile at www.sedar.com.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

Caution Regarding Forward-Looking Information

Certain statements in this news release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company and its subsidiary entities, including IBI Group or the industry in which they operate, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this news release, such statements use words such as "may", "will", "expect", "believe", "plan" and other similar terminology. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this news release. These forward-looking statements involve a number of risks and uncertainties, including those related to: (i) the Company's ability to maintain profitability and manage its growth; (ii) the Company's reliance on its key professionals; (iii) competition in the industry in which the Company operates; (iv) timely completion by the Company of projects and performance by the Company of its obligations; (v) fixed-price contracts; (vi) the general state of the economy; (vii) risk of future legal proceedings against the Company; (viii) the international operations of the Company; (ix) reduction in the Company's backlog; (x) fluctuations in interest rates; (xi) fluctuations in currency exchange rates; (xii) upfront risk of time invested in participating in consortia bidding on large projects and projects being contracted through private finance initiatives; (xiii) limits under the Company's insurance policies; (xiv) the Company's reliance on distributions from its subsidiary entities and, as a result, its susceptibility to fluctuations in their performance; (xv) unpredictability and volatility in the price of Shares; (xvi) the degree to which the Company is leveraged and the effect of the restrictive and financial covenants in the Company's credit facilities; (xvii) dividends are not guaranteed and will fluctuate with the Company's performance; (xviii) the possibility that the Company may issue additional Common Shares diluting existing Shareholders' interests; (xix) income tax matters. These risk factors are discussed in detail under the heading "Risk Factors" in the Company's Annual Information Form for the year ended December 31, 2014. New risk factors may arise from time to time and it is not possible for management of the Company to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance or achievements of the Company to be materially different from those contained in forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as at the date of this news release.

About IBI Group Inc.

IBI Group (TSX: IBG) is a globally integrated architecture, planning, engineering, and technology firm with over 2,200 professionals around the world. For more than 40 years, its dedicated professionals have helped clients create livable, sustainable, and advanced urban environments. IBI Group believes that cities must be designed with intelligent systems, sustainable buildings, efficient infrastructure, and a human touch.

SOURCE: IBI Group Inc.

Contact Information:

For further information:

Stephen Taylor, CFO
IBI Group Inc.
55 St. Clair Avenue West
Toronto, ON M4V 2Y7
Tel: 416-596-1930

Media:
Riyaz Lalani
Bayfield Strategy, Inc.
416-907-9365
rlalani@bayfieldstrategy.com

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