An anonymous director reports

CARGOJET REDEEMS OUTSTANDING 5.25% SENIOR UNSECURED HYBRID DEBENTURES DUE JUNE 30, 2026

Cargojet Inc. has completed the redemption of the $115-million aggregate principal amount outstanding on its 5.25 per cent senior unsecured hybrid debentures due June 30, 2026, as previously announced on Aug. 27, 2025. The corporation paid the principal amount and all accrued and unpaid interest up to, but excluding, the redemption date in cash. The corporation used a portion of the proceeds of the offering of its 4.599 per cent senior unsecured notes, which closed on June 30, 2025, to redeem the debentures.

About Cargojet Inc.

Cargojet is Canada's leading provider of time-sensitive premium air cargo services to all major cities across North America, providing dedicated, ACMI and international charter services, and carries over 25 million pounds of cargo weekly. Cargojet operates a fleet of all Boeing aircraft.