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News Release - Organizational Leadership Changes

Thursday, September 15, 2016

ARC Financial Corp. Press Release

ARC Financial Corp. ("ARC") is pleased to announce organizational leadership changes, effective immediately, that are part of our ongoing, long-term succession plan.

Calgary, September 15, 2016

Kevin Brown will be moving from Co-Chief Executive Officer to become ARC's Executive Chairman. Kevin will continue to Chair ARC’s Investment Committee and will be focused on overall strategy of the firm and investor relations.

Lauchlan Currie will become ARC’s sole Chief Executive Officer, will continue to be a member of ARC’s Investment Committee and will be responsible for the entire ARC team, investment strategy and performance, investor relations and operations of the firm.

Brian Boulanger will become ARC's President and will join ARC’s Investment Committee. Brian will be responsible for overseeing the investment team and managing the existing investment portfolios as well as new deal origination”

Certain other title and responsibility changes have occurred across a number of other management team members. Details and bios of the entire ARC team are available at www.arcfinancial.com

As a firm, we are dedicated to the enduring stability and vitality of the organization and these changes reflect our commitment to preserving these essential qualities for the long-term. They also recognize the progression of responsibilities of the team.

To date ARC has raised $5.3 billion of capital across the ARC Energy Funds and is Canada's largest energy-focused private equity manager. We are actively investing ARC Energy Fund 8’s $1.6 billion of capital and we continue to be excited about the long-term opportunities for investing in Canadian exploration & production and oilfield services.

Thank you for your continued support and please do not hesitate to reach out to any of us regarding these changes.

Kevin Brown, Executive Chairman and Director

Lauchlan Currie, Chief Executive Officer and Director