Mr. Kevin Ford reports

CALIAN ANNOUNCES CERTAIN PRELIMINARY UNAUDITED RESULTS FOR FISCAL 2023

Calian Group Ltd. has released certain preliminary, unaudited financial results for its FY 2023 ended Sept. 30, 2023:

• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) is expected to be at the top end of the guidance range.
• Revenues are expected to be in the middle of the guidance range.
• Repurchased 50,512 shares in accordance with the normal course issuer bid since the launch of the program (32,094 shares in FY 2023).

"We are updating our estimates with regards to the FY 2023 guidance based on a strong finish in our fourth quarter. These preliminary results represent the highest-ever revenue and adjusted EBITDA quarter, and the sixth consecutive year of double-digit revenue growth. We look forward to discussing these results after we release them on Nov. 27," said Kevin Ford, Calian's chief executive officer.

These preliminary results are based on information available to Calian as of the date of this release, and are subject to the completion of the company's year-end financial reporting process, reviews and audit. Financial results for the year ended Sept. 30, 2023, will be released on Nov. 27, 2023, after financial markets close. Calian will not provide any additional comments or details until after the annual audited consolidated financial statements have been published.

As a reminder, see the associated table for the revised guidance issued on Aug. 10, 2023.

About Calian Group Ltd.

Calian helps people communicate, innovate, learn, stay safe and lead healthy lives with confidence. Every day, Calian's employees live the company's values of customer-centricity, integrity, innovation and teamwork to engineer reliable solutions that solve complex problems. That is confidence; engineered. A stable and growing company for 40 years, Calian is headquartered in Ottawa with offices and projects spanning North American and international markets.

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