Ms. Jillian Fountain reports

EXTENDICARE ANNOUNCES JULY 2023 DIVIDEND OF C$0.04 PER SHARE

Extendicare Inc. has declared a cash dividend of four cents per common share of the company for the month of July, 2023, which is payable on Aug. 15, 2023, to shareholders of record at the close of business on July 31, 2023. This dividend is designated as an eligible dividend within the meaning of the Income Tax Act (Canada).

About Extendicare Inc.

Extendicare is a leading provider of care and services for seniors across Canada, operating under the Extendicare, ParaMed, Extendicare Assist and SGP Purchasing Partner Network brands. Extendicare is committed to delivering quality care throughout the health continuum to meet the needs of a growing seniors population. Extendicare operates or provides contract services to a network of 103 long-term care homes and retirement communities (53 owned/50 contract services), provides approximately 9.3 million hours of home health care services annually, and provides group purchasing services to third parties representing approximately 111,800 beds across Canada. Extendicare proudly employs approximately 18,000 qualified, highly trained and dedicated individuals who are passionate about providing high-quality care and services to help people live better.

We seek Safe Harbor.