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Press Release

Great Western Bancorp, Inc. Elects Three Members to its Board of Directors and Conducts Other Business

Company Release - 2/27/2017 5:30 PM ET

SIOUX FALLS, S.D.--(BUSINESS WIRE)-- Great Western Bancorp, Inc. (NYSE: GWB) (the “Company”) today announced that its stockholders have elected three nominated individuals to its Board of Directors (the “Board”). The vote was approved at the Company’s annual stockholder meeting on February 27, 2017. The elected directors include James Israel, Frances Grieb and Stephen Lacy. All three nominees will hold office until 2020.

James Israel is a retired financial executive with 35 years of experience in various roles at Deere & Co. He joined the Board in October 2016 and is a new director since the last annual stockholder meeting.

Frances Grieb, a retired partner of Deloitte LLP, was re-elected to the Board. Grieb has been a director since July 2014.

Stephen Lacy, Chairman and CEO of Meredith Corporation, was also re-elected to the Board. Lacy has been a director since August 2015.

Stockholders also ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2017.

Stockholders voted on two non-binding matters. First, stockholders approved the Company’s fiscal year 2016 executive compensation. And second, a majority of votes were cast in favor of holding an annual advisory vote on the compensation of the Company’s named executive officers.

Finally, the Board appointed Ken Karels, the Company’s President and CEO, as Chairperson of the Board and Thomas Henning as Lead Independent Director. Due to the Board’s age restriction, Andrew Hove, the former Chairperson of the Board, no longer qualified to stand for re-election.

About Great Western Bancorp, Inc.

Great Western Bancorp, Inc. is the holding company for Great Western Bank, a full-service regional bank focused on relationship-based business and agribusiness banking. Great Western Bank offers small and mid-sized businesses a focused suite of financial products and a range of deposit and loan products to retail customers through several channels, including the branch network, online banking system, mobile banking applications and customer care centers. The bank services its customers through more than 170 branches in nine states: Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota. To learn more about Great Western Bank visit www.greatwesternbank.com.

Forward Looking Statements

The materials posted may contain forward-looking statements, including guidance, involving significant risks and uncertainties, which will be identified by words such as "believe," "expect," "anticipate," "intend," "estimate," "should," "is likely," "will," "going forward" and other expressions that indicate future events and trends and may be followed by or reference cautionary statements. A number of factors could cause actual results to differ materially from those in the forward-looking information. These factors are outlined in our most recent earnings press release and in more detail in our most current 10-Q and 10-K filings. Great Western Bancorp, Inc. disclaims any obligation to update any of the forward-looking statements that are made from time to time to reflect future events or developments or changes in expectations.

Great Western Bancorp, Inc.
Media Contact:
Ann Nachtigal, 605-988-9217
Investor Relations Contact:
David Hinderaker, 605-988-9253

Source: Great Western Bancorp, Inc.