Full Press Release Details
To the securities regulatory authorities
of each of the Provinces of Canada
| RE: | terna Zentaris Inc. | |
| Report of Voting Results pursuant to section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations ( NI 51-102 ) |
Following the annual meeting of
shareholders of terna Zentaris Inc.
(the Corporation ) held on May 13, 2010 (the Meeting ),
and in accordance with Section 11.3 of NI 51-102, we hereby advise
you of the following voting results obtained at the Meeting:
| Item Voted Upon | Voting Result | |
| 1. Election of Directors: | The nominees proposed by management were elected by a majority of shareholders on a show of hands. | |
| 2. Appointment of PricewaterhouseCoopers LLP as the Corporation s auditors: | PricewaterhouseCoopers LLP were appointed as the Corporation s auditors and the directors were authorized to determine their remuneration by a majority of shareholders on a show of hands. | |
| 3. An ordinary resolution to approve the renewal of the Corporation s Stock Option Plan: | The resolution described at item 3 hereof authorizing the renewal of the Corporation s Stock Option Plan was approved by 75.37% of the Corporation s shareholders on a vote by way of ballot. | |
| 4. A special resolution to approve the filing of articles of amendment to effect a share consolidation | The resolution described at item 4 hereof authorizing the filing of articles of amendment to effect a share consolidation was approved by 96.85 % of the Corporation s shareholders on a vote by way of ballot. | |
| 5. An ordinary resolution to approve, ratify and confirm the Corporation s new Shareholder Rights Plan: | The resolution described at item 5 hereof approving, ratifying and confirming t he Corporation s new Shareholder Rights Plan was approved by 87.09% of the Corporation s shareholders on a vote by way of ballot . |
Trusting the whole is to your satisfaction,
| Yours truly, | |
| /s/Elliot Shapiro | |
| Elliot Shapiro | |
| Corporate Secretary |