Ms. Kim MacEachern reports

CMG AMENDS NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted a notice filed by Computer Modelling Group Ltd. to amend its normal course issuer bid (NCIB) effective as of Feb. 26, 2026.

The amendment increases the maximum number of common shares of the company that may be repurchased from 4,136,475 shares, representing 5 per cent of the company's outstanding shares as of Nov. 3, 2025, to 4,791,369 shares, representing 10 per cent of the public float of the company as of the close of business on Nov. 3, 2025, as permitted by TSX rules. The public float represents outstanding shares held by all shareholders other than restricted shares and shares held by the company's directors, senior officers and 10-per-cent-plus shareholders.

Purchases under the NCIB began on Nov. 14, 2025, and will end no later than Nov. 13, 2026. The company continues to have an automatic share purchase plan (ASPP) with its designated broker to allow for purchases of its shares.

As of the close of business on Feb. 20, 2026, the company had purchased 3,031,900 shares under the NCIB.

Except for block purchases permitted under the rules of the TSX, the number of shares to be purchased per day will not exceed 53,297 shares, representing 25 per cent of the average daily trading volume of the shares on the TSX for the six calendar months, ended Oct. 31, 2025, being 213,191 shares. The actual number of shares that may be purchased under the NCIB and the timing of any such purchases will be determined by management of the company, subject to the terms of the ASPP, applicable law and the rules of the TSX.

The amendment to the NCIB is being made to increase the number of shares eligible for purchase as the company believes that, from time to time, the market price of CMG's shares may not fully reflect the underlying value of the company's business. As a result, depending upon future price movements and other factors, the board believes that share repurchases would be a desirable use of corporate funds in the best interests of the company. Furthermore, the purchases are expected to benefit all persons who continue to hold shares by increasing their equity interest in the company when such repurchased shares are cancelled.

Subject to any required regulatory approvals, all purchases of Shares under the NCIB will be made through the facilities of the TSX, other designated exchanges and/or alternative Canadian trading systems at prevailing market prices, or by such other means as may be permitted by the applicable securities regulators. All shares purchased under the NCIB will be cancelled.

About Computer Modelling Group Ltd.

Computer Modelling is a global software and consulting company that combines science and technology with deep industry expertise to solve complex subsurface and surface challenges for the new energy industry around the world. Computer Modelling is headquartered in Calgary, Alta., with offices in Houston, Oxford, Dubai, Bogota, Rio de Janeiro, Bengaluru, Kuala Lumpur, Oslo, Stavanger and Kaiserslautern.

We seek Safe Harbor.