Mr. Robert Inglis reports

FIRST NATIONAL FINANCIAL CORPORATION ANNOUNCES ELECTION OF BOARD OF DIRECTORS

All of the nominees listed in First National Financial Corp.'s March 27, 2023, management information circular were elected as directors of the corporation at the annual general meeting of shareholders held on May 16, 2023.

The results of the proxy vote for the election of directors are set out in the associated table.

About First National Financial Corp.

First National Financial is the parent company of First National Financial LP, a Canadian-based originator, underwriter and servicer of predominantly prime residential (single-family and multiunit) and commercial mortgages. With more than $133-billion in mortgages under administration, First National is one of Canada's largest non-bank originator and underwriter of mortgages, and is among the top three in market share in the mortgage broker distribution channel.