Mr. Albert Matousek reports

AIMIA ANNOUNCES THE FORMATION OF A SPECIAL COMMITTEE OF THE BOARD TO REVIEW MITHAQ'S UNSOLICITED TAKE-OVER BID

Aimia Inc.'s board of directors has formed a special committee of independent directors to consider the unsolicited takeover bid by an affiliate of Mithaq Capital SPC to acquire all issued and outstanding shares of Aimia, as well as other options to enhance shareholder value. The options include alternatives that the company was actively pursuing prior to Mithaq announcing that it intended to make the offer.

Aimia is currently suing Mithaq for various breaches of the Securities Act (Ontario). The trial is scheduled to begin on Jan. 8, 2024.

The special committee and the board are in the process of reviewing the offer, in consultation with their legal and financial advisers and in accordance with their fiduciary duties. The board, based on the special committee's recommendation, will provide shareholders with their recommendation in respect of the offer in accordance with securities law. Shareholders are advised to take no action at this time.

Shareholders with questions are encouraged to call Aimia's strategic shareholder adviser, Kingsdale Advisors, at 1-800-495-6389.

Advisers

Kingsdale Advisors is acting as strategic shareholder adviser and communications adviser to Aimia. Norton Rose Fulbright Canada LLP is acting as legal counsel to Aimia. Goodmans LLP is acting as legal counsel and Canaccord Corp. is acting as financial adviser to the special committee.

About Aimia Inc.

Aimia is a holding company that makes long-term investments in private and public businesses through controlling or minority stakes.

We seek Safe Harbor.