Mr. Robert Inglis reports

FIRST NATIONAL FINANCIAL CORPORATION CEASES TO BE A REPORTING ISSUER

First National Financial Corp. has received an order to cease being a reporting issuer under Canadian securities laws and an order under the Business Corporations Act (Ontario) that the company is deemed to have ceased to be offering its securities to the public. As a result, the company will no longer be subject to continuous disclosure and other requirements applicable to reporting issuers in Canada.

As previously announced, holders of the company's 4.288 per cent senior Series 2025-1 notes, 4.891 per cent senior Series 2025-2 notes and 5.443 per cent senior Series 2025-3 notes are reminded that the senior notes may not be resold in Canada except in accordance with an exemption from the prospectus requirements under applicable securities laws. Holders of senior notes are advised to consult their own legal advisers for guidance on the resale restrictions that apply following the company ceasing to be a reporting issuer. The company will continue to provide audited annual and unaudited interim financial statements to holders of senior notes in accordance with the terms of the senior notes.

About First National Financial Corp.

First National 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 $165-billion in mortgages under administration, First National is one of Canada's largest non-bank mortgage originators and underwriters, and is among the top three in market share in the mortgage broker distribution channel.

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