EMC Insurance Group Inc. has announced that the required majority of the outstanding common stock not owned by Employers Mutual Casualty Company ("EMCC"), its subsidiaries, and the executive officers and directors of EMCI, EMCC, and their respective subsidiaries have voted in favor of the proposed acquisition of all of the shares of EMCI that EMCC does not currently own for $36.00 per share in cash.

At an EMCI special meeting of shareholders (the "Special Meeting"), holders of approximately 68 percent of the unaffiliated outstanding shares of common stock as of the August 8, 2019 record date for the Special Meeting (which represented approximately 84 percent of the unaffiliated votes cast) voted in favor of the transaction. Also, approximately 94 percent of the holders of shares of common stock as of August 8, 2019 present at the meeting and entitled to be cast, including the approximately 54 percent of shares already held by EMCC, voted in favor of the transaction.

Sandler O'Neill & Partners, L.P. is serving as financial advisor to the special committee. Boenning & Scattergood, Inc., provided financial advice to EMCC's board of directors.