Mr. Michael Rousseau reports

AIR CANADA ANNOUNCES ELECTION OF DIRECTORS

All the nominees identified in Air Canada's management proxy circular dated Feb. 16, 2024, were elected as directors of Air Canada at its annual meeting of shareholders held Thursday, March 28, 2024.

All the nominees were elected by a majority of the votes cast by shareholders present on-line or represented by proxy at the meeting. The results of the vote are provided in the attached table.

            VOTING RESULTS

Nominee               % for   % against 
 
Amee Chande           98.67%       1.33%  
Christie J.B. Clark   96.98%       3.02%  
Gary A. Doer          97.70%       2.30%  
Rob Fyfe              98.12%       1.88%  
Michael M. Green      95.61%       4.39%  
Jean Marc Huot        96.24%       3.76%  
Claudette McGowan     99.47%       0.53%  
Madeleine Paquin      97.35%       2.65%  
Michael Rousseau      98.16%       1.84%  
Vagn Sorensen         87.66%      12.34% 
Kathleen Taylor       96.75%       3.25%  
Annette Verschuren    96.40%       3.60%  
Michael M. Wilson     97.78%       2.22%  

Please visit the Air Canada website for complete director biographies. Information regarding all matters subject to a vote during Air Canada's annual meeting will be available at its website and on SEDAR+.

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 partners. Through Air Canada Vacations, it offers more travel choices than any other Canadian tour operator to hundreds of destinations worldwide, with a wide selection of hotels, flights, cruises, day tours and car rentals. 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 aims to achieve an ambitious net-zero-emission goal from all global operations by 2050. Air Canada shares are publicly traded on the Toronto Stock Exchange in Canada and on the OTCQX in the United States.