Mr. Joe Racanelli reports

AIMIA ANNOUNCES CONVERSION RESULTS FOR SERIES 3 AND 4 PREFERRED SHARES

Aimia Inc. has noted that 2,706,112 of its 4,355,263 currently outstanding cumulative redeemable rate reset first preferred shares, Series 3, were tendered for conversion, on a one-for-one basis, into cumulative redeemable floating rate first preferred shares, Series 4, after having taken into account all election notices following the March 18, 2024, conversion deadline. As a result, on April 1, 2024, the company will have 1,649,151 Series 3 shares issued and outstanding and 2,706,112 Series 4 shares issued and outstanding.

The Series 3 shares will continue to be listed on the Toronto Stock Exchange under the symbol AIM.PR.C. The Series 4 shares will begin trading on the TSX on April 1, 2024, under the symbol AIM.PR.D, subject to the company fulfilling all the listing requirements of the TSX. The TSX has conditionally approved the listing of the Series 4 shares effective upon conversion.

The Series 3 shares will pay fixed cumulative preferential cash dividends on a quarterly basis, for the five-year period from and including March 31, 2024, to but excluding March 31, 2029, if, as when declared by the board of directors of Aimia based on the annual fixed dividend rate of 7.773 per cent, being equal to the five-year government of Canada bond yield plus 4.20 per cent, as determined in accordance with the rights, privileges, restrictions and conditions attaching to the Series 3 shares.

The Series 4 shares will pay quarterly floating rate cumulative preferential cash dividends for the five-year period from and including March 31, 2024, to but excluding June 30, 2024, if, as when declared by the board of directors of Aimia at the dividend rate of 9.181 per cent, being equal to the three-month government of Canada treasury bill yield plus 4.20 per cent per annum, calculated on the basis of the actual number of days in such quarterly period divided by 365, as determined in accordance with the rights, privileges, restrictions and conditions attaching to the Series 4 shares. The floating quarterly dividend rate will be reset every quarter.

For more information on the terms and risks associated with an investment in the Series 3 shares and the Series 4 shares, please refer to Aimia's prospectus supplement dated Jan. 8, 2014, which is available on SEDAR+.

All inquiries regarding the conversion of Aimia's Series 3 shares should be directed to the company's transfer agent, TSX Trust Company, at 1-800-387-0825 or shareholderinquiries@tmx.com.

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 and 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 carryforwards to further enhance shareholder value.

We seek Safe Harbor.