Mr. Paul Raymond reports

ALITHYA ANNOUNCES THE LAUNCH OF A STRATEGIC REVIEW PROCESS

Alithya Group Inc.'s board of directors has launched a strategic review process to identify opportunities to maximize value for all shareholders.

As part of its continuing assessment of the company's strategic direction, the board has concluded that the current public market valuation may not fully reflect the intrinsic value of the company nor adequately support its next phase of growth. The board has initiated the strategic review to analyze and evaluate a range of strategic alternatives aimed at identifying opportunities to maximize value for all shareholders, which may include, but is not limited to, a merger or other business combination, a privatization, a sale of the company, a recapitalization, strategic investments or partnerships, or continuing to operate as a publicly listed company. The company has decided to publicly announce this strategic review while continuing to execute its current business plan.

Over the past several years, Alithya has strengthened its market position, expanded its digital transformation and artificial intelligence capabilities, enhanced profitability, and built a strong foundation for future growth. The company continues to execute its strategy and serve a diversified base of clients across North America and internationally through world-class practices with industry-leading partners such as Oracle, Microsoft, Salesforce and AWS (Amazon Web Service) and in highly regulated large enterprise and government markets, including financial services, health care, manufacturing, nuclear energy and professional services.

Paul Raymond, president and chief executive officer of Alithya, stated: "Alithya has built a strong platform, a talented team, trusted client relationships and meaningful long-term growth opportunities. While we remain confident in the trajectory of the business, the board believes it is prudent to explore all options to maximize value for all shareholders while ensuring Alithya is positioned for its next phase of growth."

As part of the strategic review, the board plans to work with the assistance of external financial and legal advisers. There can be no assurance that the strategic review will result in any transaction or other strategic change or, if a transaction is undertaken, as to its terms, timing or completion. The company and its board have not set a timetable for the conclusion of the strategic review, nor have they made any decisions related to their review of any potential transactions at this time.

The board and management team remain fully committed to acting in the best interests of the company and its stakeholders throughout this strategic review, and the company's management team remains dedicated to executing on its key business objectives. Alithya remains committed to its clients, partners and employees in its continuing operations as the strategic review proceeds.

The company does not intend to disclose further developments with respect to the strategic review unless and until the board has approved a specific transaction or otherwise determines that disclosure is appropriate or required by applicable securities laws.

About Alithya Group Inc.

Alithya is a trusted adviser that leverages AI (artificial intelligence) and the latest technologies in its strategic consulting and digital transformation services. Alithya helps solve business challenges that enable the company's clients to unlock new opportunities, modernize processes and gain efficiencies. Alithya leverages a world-class team of passionate industry experts, AI-based IP (intellectual property) solutions, the latest digital technologies, a solid understanding of mission-critical business applications and a partner ecosystem to accelerate results. Alithya has built a foundation of success that includes a specialized global delivery network to provide end-to-end solutions.

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