Mr. Henri Petit reports

EMERGIA INC. ANNOUNCES REFRESHED BOARD OF DIRECTORS AND APPOINTMENT OF FARAJ NAKHLEH AS CHAIRMAN

Emergia Inc. has made changes to the composition of its board of directors. Among the changes, Henri Petit has stepped down as chairman of the board, effective April 16, 2024, in order to fully devote his time to being president and chief executive officer of Emergia. The board has appointed Faraj Nakhleh, who had been serving as an independent director since June, 2022, as the chairman of the board.

"On behalf of the board of directors, I would like to thank Henri Petit for his contribution as chairman of the board. We wish him continued success as director and president and CEO," mentioned Mr. Nakhleh, chairman of the board of directors of Emergia.

Emergia also announced that Joseph Cianci, Francois Castonguay, Luigi Valeriati and Roy Scaini have resigned their positions as directors. Joining the board as independent directors, effective immediately, are Hasan Shawa, Yannick Richard and Stephen Reisler.

Mr. Nakhleh added: "On behalf of the board of directors, I would also like to thank the four resigning directors for their contributions to Emergia. We wish them success in their new endeavours. I also wish the new directors success in their new positions and I look forward to working with them to support Henri and the management team."

About Emergia Inc.

Emergia operates mainly in Canada in the development, acquisition and management of multipurpose real estate, including retail, multifamily, industrial and office buildings, as well as land for future development. The corporation's investment platform is based on an integrated, agile and efficient develop-to-own strategy that enables Emergia to benefit from development profits and the value-add while securing stable long-term returns.