Mr. Mark Nasr reports

AEROPLAN AND PARKLAND JOIN TOGETHER TO LAUNCH NEW LOYALTY PARTNERSHIP

Air Canada's Aeroplan and Parkland Corp. have formed a new loyalty partnership that will launch in the fall of 2023.

"We are thrilled to come together with the Parkland family of brands to offer Aeroplan members a new way to earn and redeem points in their everyday lives," said Mark Nasr, president of Aeroplan. "Our members have long been asking for a fuel partner, and Parkland's extensive reach across Canada, their best-in-class retail experience, and their investments in low-carbon fuels and EV charging infrastructure, make them the perfect fit."

"Our strategic partnership with Aeroplan unites two great Canadian loyalty programs and propels Parkland's loyalty and organic growth strategies," said Parkland Canada president Ian White.

"Parkland's purpose is to power journeys, and to partner with Canada's premier travel loyalty program and largest airline is a natural extension of our customer proposition. We are excited to work with Aeroplan to accelerate momentum in our Journie Rewards program and provide our customers with even greater choice and value."

Together, the Aeroplan and Journie Rewards loyalty programs will have a broader platform to build deeper engagement with millions of members across Canada, providing increased earning and redemption opportunities, greater choice in accessing new benefits, and an unmatched loyalty experience. More details will be available leading up to the launch in fall of 2023.

Aeroplan offers the ability to earn or redeem points on the world's largest airline partner network, encompassing over 45 airlines serving about 1,400 destinations across the globe. Aeroplan members can redeem for flight rewards on any available Air Canada flight, without blackouts or restrictions, and they do not pay cash surcharges for redemptions. Aeroplan redemption flights operated by Air Canada are automatically compensated using carbon offsets provided by Chooose, Air Canada's provider.

Parkland's Journie Rewards loyalty program provides its customers access to rewards and benefits as they shop across its coast-to-coast network of over 1,100 participating fuel and convenience stores. With real-time fuel discounts, free merchandise and targeted offers, members earn through their purchases of fuel, convenience items, food and other services, at its participating Chevron, Ultramar, Pioneer, Fas Gas and On the Run retail locations. By bringing its family of consumer brands together, Parkland delivers one great customer experience and helps its customers make the most of every stop.

About Air Canada

Air Canada is Canada's largest airline, the country's flag carrier and a founding member of Star Alliance, the world's most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. It holds a four-star ranking from Skytrax. Air Canada's Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the world's largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada's passenger and freighter aircraft. Air Canada has committed to a net-zero emissions goal from all global operations by 2050. Air Canada shares are publicly traded on the Toronto Stock Exchange in Canada and the OCTQX in the United States.

About Parkland Corp.

Parkland is an international fuel distributor and retailer with operations in 25 countries. Its purpose is to power journeys and energize communities, and every day, Parkland provides over one million customers with the essential fuels, convenience items and quality foods on which they depend.

With approximately 4,000 retail and commercial locations across Canada, the United States and the Caribbean region, Parkland has developed supply, distribution and trading capabilities to accelerate growth and business performance. In addition to meeting its customers' needs for essential fuels, Parkland provides a range of choices to help them lower their environmental impact. These include carbon and renewables trading, solar power, renewables manufacturing, and ultrafast electric vehicle charging.

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