MORNEAU SHEPELL TO ANNOUNCE 2012 THIRD QUARTER RESULTS, AND TO HOLD CONFERENCE CALL ON WEDNESDAY, NOVEMBER 14, 2012

- Not for distribution to U.S. news wire services or for dissemination in the U.S.

TORONTO, ON, October 17, 2012 – Morneau Shepell Inc. (TSX: MSI) will announce its 2012 third quarter results on Wednesday, November 14, 2012. Results will be discussed the same day during a conference call with Bill Morneau, Executive Chairman, Alan Torrie, President & CEO, and Scott Milligan, Chief Financial Officer, at 3:00 p.m. ET.

The conference call is open to all those wishing to attend, with a Question & Answer period to follow the presentation. In order to participate in the live conference call, please call 416.695.7806 (participant code 8508656) in the Toronto area, or 1.888.789.9572 (participant code 8508656) throughout the rest of Canada. A replay of the call will be available via the Morneau Shepell Web site at www.morneaushepell.com

Morneau Shepell

Morneau Shepell is the largest Canadian-based firm offering consulting and outsourcing services for workforce programs. The company works with clients to develop innovative solutions that integrate with their business strategies to achieve results. Through health and productivity, administrative, and retirement solutions, Morneau Shepell helps clients reduce costs, increase employee productivity, and improve their competitive positions by supporting their employees’ financial security, health and well-being.

Established in 1966, Morneau Shepell Inc. serves over 8,000 clients, ranging from small businesses to some of the largest corporations and associations in North America. With approximately 2,800 employees in offices across North America, we provide services to organizations across Canada, in the United States and around the globe.

Morneau Shepell Inc. is a publicly traded company on the Toronto Stock Exchange (TSX). For more information, visit www.morneaushepell.com

-30-