Mr. D. Scott Patterson reports

FIRSTSERVICE ANNOUNCES AMENDMENT TO MAXIMIZE SIZE OF NORMAL COURSE ISSUER BID AND ENTERING INTO OF AUTOMATIC SHARE PURCHASE PLAN

Further to the previously announced acceptance by the Toronto Stock Exchange of a notice filed by FirstService Corp. of its intention to make a normal course issuer bid with respect to its outstanding common shares, FirstService has received approval from the TSX to amend the NCIB, effective on June 4, 2026. The amended NCIB will increase the maximum number of common shares that may be repurchased from 1.6 million, representing 3.9 per cent of the public float of common shares as of Aug. 12, 2025, to 4,118,199, representing 10 per cent of the public float of common shares as of Aug. 12, 2025, the maximum amount allowable under the rules of the TSX. No other terms of the NCIB have been amended. Under the NCIB, as of May 31, 2026, FirstService has repurchased for cancellation an aggregate of 931,182 common shares at an average price of $132.38 (U.S.) per share (or a total of $123.3-million (U.S.)).

The amended NCIB, which began on Aug. 26, 2025, and will end no later than Aug. 25, 2026, is being conducted on the open market through the facilities of the TSX, alternative Canadian trading systems and/or the Nasdaq Stock Market. The actual number of common shares which may be purchased pursuant to the amended NCIB and the timing of any such purchases will continue to be determined by senior management of FirstService. The average daily trading volume on the TSX from Feb. 1 to July 31, 2025, was 95,488 common shares. Daily purchases on the TSX under the amended NCIB will continue to be limited to 23,872 common shares, other than block purchases. Subject to certain exceptions for block purchases, the maximum number of common shares which can be purchased per day on Nasdaq will continue to be 25 per cent of the average daily trading volume for the four calendar weeks preceding the date of purchase. All shares purchased by FirstService under the amended NCIB will be cancelled.

FirstService may purchase its common shares under the amended NCIB, from time to time, if it believes that the market price of its common shares is attractive and that the purchase would be an appropriate use of corporate funds and in the best interests of FirstService. FirstService may also purchase its common shares under the amended NCIB to mitigate the dilutive effect of stock options issued under its stock option plan.

In connection with the amended NCIB becoming effective, FirstService has entered into an automatic share purchase plan with a designated broker to facilitate the purchase of common shares under the amended NCIB, including at times when FirstService would ordinarily not be permitted to purchase its common shares due to regulatory restrictions or self-imposed blackout periods. Purchases made pursuant to the ASPP, if any, will be made by the designated broker based upon the limits prescribed by the TSX, Nasdaq, applicable Canadian and U.S. securities laws, and the terms of the written agreement between FirstService and its designated broker. The ASPP constitutes an automatic plan for purposes of applicable Canadian securities legislation and has been precleared by the TSX and will become effective on June 4, 2026, concurrently with the amended NCIB becoming effective, and will terminate when the amended NCIB ends. All purchases made under the ASPP will be included in computing the number of common shares purchased under the amended NCIB.

About FirstService Corp.

FirstService is a North American leader in the property service sector, serving its customers through two industry-leading service platforms: FirstService Residential, North America's largest manager of residential communities; and FirstService Brands, one of North America's largest providers of essential property services delivered through individually branded company-owned operations and franchised systems.

FirstService generates more than $5.5-billion in annual revenues and has approximately 30,000 employees across North America. With significant insider ownership and an experienced management team, FirstService has a long-term record of creating value and superior returns for shareholders. The common shares of FirstService trade on Nasdaq and the Toronto Stock Exchange under the symbol FSV, and are included in the S&P/TSX 60 Index.

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