Mr. Phil Mittleman reports

AIMIA ANNOUNCES FAVORABLE DECISION OF THE ONTARIO CAPITAL MARKETS TRIBUNAL

Mithaq Canada Inc., a wholly owned subsidiary of Mithaq Capital SPC, was unsuccessful in its application to the Ontario Capital Markets Tribunal to, among other things, cease trade of the Oct. 21, 2023, private placement of Aimia Inc. After a hearing held on Dec. 12 and 13, 2023, the tribunal dismissed the application and confirmed it would not amend or vary the approval of the private placement previously given by the Toronto Stock Exchange. This confirms the validity of the private placement, and as a result ensures Aimia's additional liquidity and recent board appointments remain in place.

Phil Mittleman, chief executive officer of Aimia, remarked, "We are very pleased with the tribunal's decision regarding the private placement, and will continue to focus on creating value for Aimia's stakeholders, supported by this esteemed group of strategic investors."

As previously announced, Aimia adopted a tactical shareholder rights plan pursuant to a shareholder rights plan agreement entered into with TSX Trust Company, as rights agent, dated Dec. 6, 2023, for the specific purpose of ensuring that Mithaq did not acquire shares of the company pursuant to a regulatory exemption prior to the hearing. The tribunal concluded that Mithaq should not be prohibited from using the exemption, and so Aimia is terminating the tactical shareholder rights plan.

About Aimia Inc.

Aimia is a holding company that makes long-term investments in private and public businesses through controlling or minority stakes. Aimia targets companies with durable economic advantages evidenced by a record of substantial free cash flow generation over complete business cycles, strong growth prospects and guided by strong, experienced management teams. Headquartered in Toronto, Canada, Aimia is positioned to invest in any sector, wherever a suitable opportunity can be identified worldwide. In addition, Aimia seeks investments that may efficiently utilize the company's operating and capital loss carry-forwards to further enhance stakeholder value.

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