Mr. Paul Raymond reports

ALITHYA TO CONSOLIDATE TRADING ON THE TSX AND ANNOUNCES VOLUNATRY DELISTING FROM NASDAQ

Alithya Group Inc. has given formal notice of its intention to voluntarily delist its Class A subordinate voting shares from the Nasdaq Capital Market. The delisting from the Nasdaq will not affect the company's listing on the Toronto Stock Exchange, which will be maintained.

The company believes that the limited benefits derived from being dual listed no longer justify the additional expenses and administrative efforts associated with maintaining the Nasdaq listing, especially given Alithya's listing on the TSX. The company also believes TSX provides the company's shareholders with sufficient liquidity, and the cost savings from the elimination of Nasdaq listing fees and associated professional fees, as well as the savings in time and effort of management required to maintain a dual listing, can be redirected to further advancing the business of the company.

The company plans to file a Form 25 with the Securities and Exchange Commission and expects that the Class A shares will cease trading on Nasdaq on or about Feb. 9, 2024. Following delisting from the Nasdaq, Alithya's shareholders will continue to be able to trade their Class A shares on the TSX. The company's reporting obligations under applicable U.S. federal securities laws will continue after the delisting from the Nasdaq. Following satisfaction of the relevant deregistration conditions under applicable U.S. federal securities laws, including that the company continues to file periodic reports with the SEC for at least 12 months following delisting with Nasdaq, the company intends to deregister under the Securities Exchange Act of 1934, as amended.

Quote from Paul Raymond, president and chief executive officer:

"After careful consideration and extensive discussions with our board of directors, Alithya has decided that a voluntary delisting from the Nasdaq is in the best interests of our shareholders. By remaining listed on the TSX, we believe this move will provide us with greater financial flexibility and will allow us to focus on long-term strategies for driving sustainable growth and value for our shareholders. As we start executing on the core objectives of our upcoming fiscal 2025-2027 strategic plan, to be implemented on April 1, 2024, we remain committed to maintaining high standards of corporate governance and transparency."

About Alithya Group Inc.

Empowered by the passion and enthusiasm of a talented global work force, Alithya is positioned on the crest of the digital wave as a trusted adviser in strategy and digital technology services. Transforming the world one digital step at a time, Alithya leverages collective intelligence and expertise to develop practical IT solutions tailored to complex business challenges. As shared stewards of its clients' success, Alithya accompanies them through the full cycle of their digital evolutions, paving new roads to the future of their businesses.

Living up to its name, meaning truth, Alithya embraces a business model that avoids industry buzzwords and technical jargon to deliver straight talk provided by collaborative teams focused on three main pillars: strategic consulting, enterprise transformation and business enablement.

We seek Safe Harbor.