Mr. Roberto Curreri reports

AIMIA ENTERS INTO DEFINITIVE AGREEMENT TO SELL ITS SPECIALTY CHEMICALS BUSINESS

Aimia Inc. has entered into a definitive agreement to sell its interest in Giovanni Bozzetto S.p.A, the company's specialty chemicals business, to One Equity Partners (OEP). The transaction is expected to generate net proceeds in the range of $265-million to $271-million.

"The sale of Bozzetto is further progress in our three-step strategy to drive shareholder value creation, which we launched in March, 2025," said Rhys Summerton, Aimia's executive chair. "We look forward to allocating the net proceeds of this transaction towards value accretive investments with the ultimate goal of utilizing of $1.1-billion of tax losses."

Mr. Summerton added, "On behalf of Aimia's board of directors, I would like to thank Bozzetto's executive leadership team, CEO Roberto Curreri and CFO Stefano Risso, and all employees for their contributions to our results over the past two years, and extend to them our best wishes for continued success."

The transaction is expected to close within the next three months, subject to customary closing conditions, including regulatory approvals. In accordance with the Canada Business Corporations Act and applicable laws, the transaction is not subject to approval from Aimia's shareholders.

Net proceeds from the transaction, after taking into consideration the payment of Bozzetto debt, minority interests and transaction costs, are currently estimated to be in the range of $265-million to $271-million. Net proceeds will be subject to closing net debt and working capital. Aimia does not expect to incur any taxes from this transaction given its capital tax losses carryforward.

Aimia expects to use the net proceeds from the sale of its Bozzetto interest to strengthen the company's balance sheet and support its plans to acquire controlling interests in operating companies consistent with the three-step strategy it has been pursuing since the first quarter of 2025.

Consistent with the terms of its 9.75 per cent senior unsecured notes, Aimia is required following the sale of more than 50 per cent of Aimia's property or assets to offer to purchase all outstanding senior notes at par plus any accrued and unpaid interest. The 9.75 per cent senior notes were issued to holders of the company's preferred shares in consideration for their preferred shares as part of a substantial issuer bid closed in February, 2025. As at Dec. 31, 2025, the principal value of Aimia's senior notes was $142.6-million. Aimia's purchase offer to note holders will be made post the closing of the Bozzetto sale.

Aimia acquired its interest in Bozzetto in May, 2023. Headquartered in Italy with a 100-year history and 1,500 global customers in various markets, Bozzetto provides sustainable textile, dispersion and water solutions that reduce the consumption of water, energy and use of hazardous chemicals.

OEP is a middle market private equity firm focused on the industrial, health care and technology sectors in North America and Europe.

Jefferies is acting as exclusive financial adviser to Aimia, and White & Case LLP is acting as the company's legal adviser.

Conference call and audio webcast information

Aimia hosted a conference call to discuss the transaction earlier today. Interested parties can listen to conference call by dialling 1-888-699-1199 or 1-416-945-7677 (internationally).

About Aimia Inc.

Aimia is a diversified conglomerate focused on enhancing the value of its holdings. Headquartered in Toronto, Aimia's priorities include reducing its holding company costs, reducing the discount of its share price to the intrinsic value of its businesses and redeploying capital to acquire controlling stakes in operating companies.

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