Mr. Samuel Cochrane reports

AUTOCANADA APPOINTS SAMUEL COCHRANE AS CHIEF EXECUTIVE OFFICER

AutoCanada Inc.'s board of directors has appointed Samuel Cochrane as chief executive officer, effective immediately. Mr. Cochrane will also serve as interim chief financial officer while the company initiates a search for a permanent CFO. Mr. Cochrane joined AutoCanada in August, 2024, as chief financial officer. In October, 2025, he was appointed interim CEO while continuing in his role as CFO.

"During his tenure, Sam has demonstrated decisive leadership and a deep understanding of AutoCanada's business," said Christopher Harris, chair of the board. "Since stepping into the interim CEO role in November, he has brought focus, accountability and discipline to our operations. The board is confident he is the right leader to strengthen dealership performance, build on the strong momentum in our collision business, and position the company for long-term value creation."

As interim chief executive officer and chief financial officer, Mr. Cochrane has prioritized stabilizing the dealership business, enhancing operational discipline and conducting a thorough assessment of performance across the organization.

"I am excited to lead AutoCanada at such a pivotal point in the company's transformation," said Mr. Cochrane. "AutoCanada has valuable assets, strong brands and dedicated people. Our collision business continues to perform well, offers significant growth opportunities and will be an increasingly important contributor to our results. At the same time, there is significant work ahead to consistently deliver the level of performance we expect from our dealership network. My focus is on returning our dealership business to its operational roots, driving clarity, accountability and a relentless emphasis on customers, and execution at the store level."

Mr. Cochrane has an extensive public company background, having served as chief financial officer at Sierra Wireless and Avigilon Corp. He also held several leadership roles at Motorola Solutions Inc. and SNC-Lavalin (now Atkinsrealis). Mr. Cochrane articled with PricewaterhouseCoopers LLP and is a chartered accountant. He also holds a bachelor of commerce degree from the University of British Columbia.

"We will be disciplined in how we allocate resources and ensure the organization is structured to best support our operators and front line teams," he added. "This includes simplifying how we operate and removing unnecessary complexity so our dealerships can move faster and perform better. Our success depends on strong relationships with our OEMs, empowered leaders, disciplined capital allocation and a culture that puts customers first while valuing simplicity, speed and results."

About AutoCanada Inc.

AutoCanada's Canadian dealership operations include 64 franchised dealerships representing 23 automotive brands across eight provinces, as well as three independent used dealerships. The company currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, Mini, Nissan, Porsche, Ram, Subaru and Volkswagen vehicles. In 2024, AutoCanada's Canadian dealerships sold approximately 85,000 new and used retail vehicles.

AutoCanada's Canadian collision operations consist of 33 collision centres and one calibration centre, supported by 26 original equipment manufacturer certifications covering 37 vehicle brands. The company's collision network enables customer retention across multiple touch points within the automotive ownership life cycle.

AutoCanada's U.S. operations, which are held for sale and reported as discontinued operations, consist of 13 franchised dealerships representing nine automotive brands located in Illinois. U.S. dealerships sell Audi, Hyundai, Kia, Lincoln, Mercedes-Benz, Porsche, Subaru, Toyota and Volkswagen vehicles.