Mr. Joe Racanelli reports

AIMIA RECEIVES $29.3 MILLION TAX REFUND

Aimia Inc. has received a tax refund of $29.3-million, including net interest proceeds, following the final processing of a settlement agreement recently reached with the Canada Revenue Agency relating to a 2013 income tax audit of the company's former subsidiary, Aeroplan Inc.

As disclosed previously, Aimia expects to use the proceeds from the tax refund to support its 2025-2026 normal course issuer bid and for general investment purposes.

Aimia continues to anticipate a refund from the provincial tax agency, Revenu Quebec, for the remaining $6-million portion of the 2013 income tax audit.

About Aimia Inc.

Aimia is a diversified company focused on enhancing the value of its two core global businesses, Bozzetto, a sustainable specialty chemical company, and Cortland International, a rope and netting solution company. Headquartered in Toronto, Aimia has priorities that include reducing its holding company costs, reducing the discount of its share price to the intrinsic value of its net assets and efficiently utilizing its loss carry-forwards to create shareholder value.

We seek Safe Harbor.