Mr. Azim Lalani reports

AUTOCANADA ANNOUNCES ELECTION OF DIRECTORS AND VOTING RESULTS

AutoCanada Inc. has noted that all resolutions were passed at its annual and special meeting held on May 4, 2023. A total of 15,786,187 common shares (representing 67.03 per cent of the issued and outstanding common shares of the company) were represented virtually or by proxy at the meeting. Each of the nominees listed in the management information circular dated March 20, 2023, were duly elected as directors of the company for the ensuing year, as shown in the associated table.

About AutoCanada Inc.

AutoCanada is a leading North American multilocation automobile dealership group currently operating 83 franchised dealerships, comprising 28 brands in eight provinces in Canada, as well as a group in Illinois, United States. AutoCanada currently sells Chrysler-, Dodge-, Jeep-, Ram-, Fiat-, Alfa-Romeo-, Chevrolet-, GMC-, Buick-, Cadillac-, Ford-, Infiniti-, Nissan-, Hyundai-, Subaru-, Audi-, Volkswagen-, Kia-, Mazda-, Mercedes-Benz-, BMW-, Mini-, Volvo-, Toyota-, Lincoln-, Acura-, Honda- and Porsche-branded vehicles. In addition, AutoCanada's Canadian operations segment currently operates three used vehicle dealerships and one used vehicle auction business supporting the used digital retail division, 12 Rightride division locations, and 11 stand-alone collision centres within its group of 27 collision centres. In 2022, the company's dealerships sold approximately 100,000 vehicles and processed over 900,000 service and collision repair orders in its 1,367 service bays generating revenue in excess of $6-billion.