Mr. Tom Finke reports

AIMIA ANNOUNCES MANAGEMENT AND BOARD CHANGES

After nearly four years as chief executive officer of Aimia Inc., Phil Mittleman has advised the board of directors of the company that he will be stepping down to allow the board to commence a search for a new operations-focused CEO replacement. Mr. Mittleman, who has agreed to support the board during the transition period, will also step down as director. Tom Finke, named Aimia's chair in October, 2023, and a seasoned financial services executive with more than 30 years of experience in the asset management and investment industries, has been named as executive chairman. The changes are effective immediately.

"Aimia's transformation into a holding company with two strong cash-generating, majority-controlled business and four other portfolio-held businesses would not have been possible without Phil's leadership and vision," said Tom Finke, Aimia's chairman of the board. "We are grateful for his efforts and appreciate his willingness to support me and other members of the board during this period of transition."

Mr. Mittleman commented: "It has been my privilege and honour to have helped guide Aimia to where it is today. Having completely transformed the company in the last four years, including the recent addition of two strong operating and cash-generating businesses, I believe the time is right for me to step aside and allow for a CEO with significant operational experience to take Aimia's holdings to the next level of growth and success. I am extremely bullish about Aimia's outlook and prospects, and plan to remain a large shareholder. I look forward to supporting Tom and Aimia's leadership team during the transition period."

Mr. Finke added: "I invested in Aimia and became a director because of the company's accretive growth strategy, strength of its board and leadership team, commitment to good governance, and opportunities to unlock significant value for shareholders. I look forward to working with my colleagues on the board to find Aimia's next leader, and to sustaining our recent momentum marked by two significant acquisitions completed in 2023."

As executive chairman, Mr. Finke will be supported by Aimia's senior leadership team comprising Steve Leonard, chief financial officer, Suzi Herbst, chief operating officer, and Mathieu Giguere, chief legal officer and corporate secretary, who collectively bring more than 70 years of relevant business and industry experience. Michael Lehmann, Aimia's former president, has also departed from the company effective immediately.

With Mr. Finke's appointment as executive chairman, Karen Basian, a member of Aimia's board since February, 2020, and currently chair of the audit, finance and risk committee, has been named as lead independent director. Ms. Basian will work closely with Mr. Finke and provide oversight and guidance to Aimia's independent directors.

Aimia's board has launched a search for a new CEO will engage an executive recruiter to assist with its efforts. The executive recruiter will also support the company's continuing board changes.

About Aimia Inc.

Aimia (TSX: AIM) 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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