Mr. Mike Pyle reports

EXCHANGE INCOME CORPORATION ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID FOR COMMON SHARES

The Toronto Stock Exchange (TSX) has approved the renewal of Exchange Income Corp.'s normal course issuer bid (the NCIB) for the common shares of Exchange Income trading as the symbol EIF. Pursuant to the NCIB, Exchange Income can purchase up to 5,311,716 common shares, representing 10 per cent of the public float of the common shares as at March 23, 2026.

Purchases of common shares pursuant the NCIB may be made through the facilities of the TSX commencing on April 1, 2026, and ending on March 31, 2027, or an earlier date in the event that Exchange Income purchases the maximum number of common shares available under the NCIB. Exchange Income will pay the market price at the time of acquisition for any common shares purchased through the facilities of the TSX. All common shares acquired directly by Exchange Income under the NCIB will be cancelled.

As at March 23, 2026, there were 56,326,169 common shares issued and outstanding.

The average daily trading volume of the common shares for the six-month period ended Feb. 28, 2026, was 148,581 common shares.

Daily purchases will be limited to 37,145 common shares, other than block purchase exceptions.

Pursuant to a previous notice of intention to conduct a normal course issuer bid, under which the corporation sought and received approval from the TSX to purchase up to 4,811,929 common shares, $14,373,200 principal amount of seven-year 5.25-per-cent convertible unsecured subordinated debentures of Exchange Income formerly trading under the symbol EIF.DB.L and $11.5-million principal amount of seven-year 5.25-per-cent convertible unsecured subordinated debentures of Exchange Income formerly trading as the symbol EIF.DB.M, the corporation did not purchase any securities.

Exchange Income sought approval of the NCIB because it believes that, from time to time, the market price of the common shares may not fully reflect the value of the common shares. Exchange Income believes that, in such circumstances, the purchase of the common shares represents an accretive use of capital.

About Exchange Income Corp.

Exchange Income is a diversified acquisition-oriented company, focused in two segments: aerospace and aviation 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.