Ms. Kim MacEachern reports

COMPUTER MODELLING GROUP LTD. ANNOUNCES COMMENCEMENT OF PREVIOUSLY ANNOUNCED SUBSTANTIAL ISSUER BID

Computer Modelling Group Ltd. has formally commenced the previously announced substantial issuer bid under which the company is offering to repurchase for cancellation up to $20-million of its outstanding common shares by way of a modified Dutch auction that includes the ability for shareholders to participate via a proportionate tender, subject to the receipt of the necessary exemptive relief under applicable securities laws. The offer commences on the date hereof and will expire on Sept. 21, 2026, unless extended, varied or withdrawn. Further details regarding the offer can be found in the company's press release of Aug. 11, 2026.

The board of directors of Computer Modelling believes that the purchase of shares is in the best interests of the company and its shareholders. Given Computer Modelling's strong cash flow profile and balance sheet, the offer enables the company to increase the pace and scale of repurchases in a disciplined manner, while maintaining flexibility to finance strategic growth priorities. The company considers that the shares are trading at a meaningful discount to intrinsic value. The offer is expected to be accretive to remaining shareholders of Computer Modelling by increasing each continuing shareholder's proportional ownership in the company at a price below the company's assessment of long-term value. This decision is underpinned by confidence in the durability and quality of the company's recurring revenue base, margin profile, and free cash flow generation, as well as by the view that the market is not fully reflecting those fundamentals. The offer is also enabled by the company's strong liquidity position, including access to an essentially undrawn $100-million credit facility, while maintaining the capacity to finance its organic growth initiatives.

Importantly, the offer is intended to complement -- not replace -- the company's long-term capital allocation strategy, which continues to prioritize disciplined merger and acquisition alongside organic investment as drivers of long-term compounding growth. The acquisition pipeline remains active, but the company will continue to be selective on price and expected returns. Finally, having completed the prior normal course issuer bid and being unable to renew it until November, 2026, the offer provides a timely and efficient mechanism to return capital now while preserving full financial flexibility to pursue strategic acquisitions that diversify and strengthen the business over the long term.

As of the date hereof, to the knowledge of the company after reasonable inquiry, none of the company's directors or officers and none of the persons that are known to the company to beneficially own, control or direct, directly or indirectly, more than 10 per cent of the voting rights attached to the shares (on a non-diluted basis) intend to tender their shares to the offer.

The offer to purchase, issuer bid circular, letter of transmittal, notice of guaranteed delivery and other related documents have been filed with the applicable securities regulators and were mailed to shareholders on Aug. 14, 2026. The offer documents are also available free of charge under the company's SEDAR+ profile. Shareholders should carefully read the offer documents prior to making a decision with respect to the offer.

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 energy industry around the world. Computer Modelling is headquartered in Calgary, Alta., with offices globally.

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