Mr. Mike Pyle reports

EXCHANGE INCOME CORPORATION ANNOUNCES VOTING RESULTS FOR ITS 2023 ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

Exchange Income Corp. has released the voting results on the election of directors from its 2023 annual and special meeting of shareholders (AGM).

A total of 10,746,428 common shares, representing 25.18 per cent of the corporation's 42,676,448 issued and outstanding common shares, were voted in connection with the AGM. Shareholders approved all items of business before the AGM, including the election of directors.

                       VOTING RESULTS FOR ELECTION OF DIRECTORS

Nominees               Votes in    % for votes     Withheld   % withheld         Total     
                         favour 

Brad Bennett         10,288,447          95.74      457,981         4.26    10,746,428
Gary Buckley         10,175,164          94.68      571,264         5.32    10,746,428
Polly Craik          10,709,506          99.66       36,922         0.34    10,746,428
Barb Gamey           10,701,922          99.59       44,506         0.41    10,746,428
Bruce Jack           9,880,448           91.94      865,980         8.06    10,746,428
Duncan Jessiman      10,265,823          95.53      480,605         4.47    10,746,428
Michael Pyle         10,281,964          95.68      464,464         4.32    10,746,428
Melissa Sonberg      10,096,151          93.95      650,277         6.05    10,746,428
Donald Streuber      10,184,549          94.77      561,879         5.23    10,746,428
Edward Warkentin     10,239,937          95.29      506,491         4.71    10,746,428

At the meeting, shareholders also voted in favour of the reappointment of PricewaterhouseCoopers LLP as the auditor of the corporation until the close of the next annual meeting of shareholders; the approval of the fourth amended and restated shareholder rights plan of the corporation; and the approval, on an advisory basis, of the corporation's approach to executive compensation.

About Exchange Income Corp.

Exchange Income is a diversified acquisition-oriented company, focused on two sectors: aerospace and aviation services and equipment, and manufacturing. The corporation uses a disciplined acquisition strategy to identify already-profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.

We seek Safe Harbor.