MORNEAU SHEPELL INC. DECLARES MAY 2012 CASH DIVIDEND

TORONTO, May 17, 2012 – (TSX: MSI) Morneau Shepell Inc. (“MSI”) announced today a cash dividend of $0.065 per share for the month of May 2012, to be paid on June 15, 2012 to holders of record of shares of MSI on May 31, 2012. 

MSI designates this dividend to be an “eligible dividend” pursuant to subsection 89(14) of the Income Tax Act (Canada) and similar provincial and territorial legislation.

Morneau Shepell

Morneau Shepell Inc. is the largest Canadian-based firm offering benefits and pension consulting, outsourcing, as well as health and productivity solutions. The company works with clients to develop end-to-end insights and solutions that integrate with their business strategies to achieve results. Through Benefits and Health Solutions Consulting, Pension Consulting, Health Management, Administration Solutions and Shepell·fgi Employee Assistance Programs, 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 2,600 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 morneaushepell.com.

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