Sienna Senior Living Common Share Offering for Gross Proceeds of Approximately $86 Million

Goodmans LLP acted for Sienna Senior Living Inc. (TSX:SIA) (“Sienna” or the “Company”) in the connection with a bought deal offering (the “Offering”) of common shares of the Company (“Common Shares”) to a syndicate of underwriters led by TD Securities Inc., as sole bookrunner, and including BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., National Bank Financial Inc., Canaccord Genuity Corp., Raymond James Ltd., iA Private Wealth Inc. and Laurentian Bank Securities Inc. (collectively, the “Underwriters”).

A total of 5,750,000 Common Shares were issued at a price of $15.00 per Common Share for aggregate gross proceeds of $86,250,000. This includes gross proceeds from the full exercise of the over-allotment option granted to the Underwriters to purchase an additional 750,000 Common Shares.