On April 24, 2020, the Company held its Annual Meeting of Stockholders, at which B. Francis Saul II, John E. Chapoton, H. Gregory Platts and John R. Whitmore were reelected to the Board of Directors for three year terms expiring at the 2023 Annual Meeting. The terms of the remaining Board members did not expire as of the April 24, 2020 meeting, and those individuals continue as directors of the Company. Holders of 22,088,078 shares of the Company’s common stock voted in person at the meeting or by proxy (representing 95.1% of the 23,216,149 shares eligible to vote) as follows:

In Favor Withheld> Not Voted

B. Francis Saul II 20,353,360 772,556 962,162

John E. Chapoton 20,788,417 337,499 962,162

H. Gregory Platts 18,066,142 3,059,774 962,162

John R. Whitmore 19,922,338 1,203,578 962,162

The stockholders voted in favor of the ratification of Deloitte & Touche LLP as independent public accountants as follows:

In Favor Opposed Abstain

>>>>>>>>>>>>22,046,660 10,250 31,168

The stockholders voted to approve the compensation paid to the Company\’s named executive officers, as disclosed in the Company\’s Proxy Statement for the 2020 Annual Meeting of Stockholders:

In Favor Opposed Abstain Not Voted

>>>>>>>>>>>>20,675,718 379,996 70,202 962,162

About SAUL CENTERS INC. (NYSE:BFS)

Saul Centers, Inc. (Saul Centers) operates as a real estate investment trust (REIT). The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates in two segments: Shopping Centers and Mixed-Use Properties. The Company conducts its business through Saul Holdings Limited Partnership and/or directly or indirectly owned subsidiaries. It is engaged in the management, leasing, acquisition, renovation, expansion and financing of community and neighborhood shopping centers and mixed-used properties, located in the Washington, District of Columbia (DC)/Baltimore metropolitan area. The operating property portfolio consists of over 50 neighborhood and community Shopping Centers, and over six Mixed-Use Properties totaling approximately 7.9 million and over 1.4 million square feet of gross leasable area (GLA), respectively. The Company’s retail tenants include Giant Food and Safeway.