Ms. Deborah Starkman reports

DREAM UNLIMITED CORP. RENEWS NORMAL COURSE ISSUER BID AND ANNOUNCES AUTOMATIC SECURITIES PURCHASE PLAN

The Toronto Stock Exchange has accepted a notice filed by Dream Unlimited Corp. to renew its prior normal course issuer bid for a one-year period. Under the bid, Dream will have the ability to purchase for cancellation up to a maximum of 2,223,383 of its Class A subordinate voting shares (representing 10 per cent of Dream's public float of 22,233,838 Class A subordinate voting shares as of Sept. 8, 2023) through the facilities of the TSX. The bid will commence on Sept. 21, 2023, and remain in effect until the earlier of Sept. 20, 2024, or the date on which Dream has purchased the maximum number of Class A subordinate voting shares permitted under the bid. Daily repurchases will be limited to 8,986 Class A subordinate voting shares, representing 25 per cent of the average daily trading volume of the Class A subordinate voting shares on the TSX during the past six calendar months (being 35,945 Class A subordinate voting shares per day), other than purchases pursuant to applicable block purchase exceptions. As of Sept. 8, 2023, the number of issued and outstanding Class A subordinate voting shares is 41,156,827.

In connection with the renewal of its normal course issuer bid, Dream has established an automatic securities purchase plan with its designated broker to facilitate the purchase of Class A subordinate voting shares under the normal course issuer bid at times when Dream would ordinarily not be permitted to purchase its Class A subordinate voting shares due to regulatory restrictions or self-imposed blackout periods. Purchases will be made by Dream's broker based upon the parameters prescribed by the TSX and the terms of the parties' written agreement. Outside of such restricted or blackout periods, the Class A subordinate voting shares may also be purchased in accordance with management's discretion. The plan has been precleared by the TSX and will terminate on Sept. 20, 2024.

Dream has renewed its normal course issuer bid because it believes that Class A subordinate voting shares may become available during the period of the bid at prices that would make the purchase of such Class A subordinate voting shares for cancellation in the best interests of Dream and its shareholders.

Dream's current normal course issuer bid for the purchase of up to 2,231,143 Class A subordinate voting shares expires on Sept. 20, 2023. Under this bid and up until Sept. 8, 2023, Dream has purchased for cancellation 97,500 Class A subordinate voting shares through the facilities of the TSX at an average price of $20.52 for a total cost of approximately $2-million. Please note that the amount of shares repurchased under the bid was in line with both management and board strategy with respect to use of capital for share repurchases. Furthermore, the amount of shares that can be repurchased in the market under the TSX rules on a daily basis is subject to various trading restrictions which impact the amount that can be repurchased on a daily basis.

About Dream Unlimited Corp.

Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income-generating assets in both Canada and the United States, and has an established and successful asset management business, inclusive of $24-billion of assets under management across four TSX-listed trusts, its private asset management business and numerous partnerships. Dream also develops land, residential and income-generating assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven record for being innovative and for its ability to source, structure and execute on compelling investment opportunities.

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