Mr. John Valentini reports

THE UNITED BROTHERHOOD OF CARPENTERS AND JOINERS OF AMERICA AND FIERA CAPITAL LAUNCH CANADIAN BUILT OPPORTUNITIES PLATFORM

Fiera Capital Corp. and the Canadian District of the United Brotherhood of Carpenters and Joiners of America (UBC) today launched the Canadian Built Opportunities Platform, a new real assets investment strategy with a dual mandate aimed at generating attractive risk-adjusted returns on capital while supporting jobs for UBC union members. The platform launches with an initial commitment of over $800-million, divided equally between infrastructure and real estate investments, and aims to reach over $1-billion in assets within three years.

The Canadian Built Opportunities Platform is designed to deliver stable risk-adjusted returns for investors while creating meaningful and long-lasting opportunities for UBC's skilled tradespeople. All projects developed by the platform will use union labour, ensuring high standards for wages, workplace safety and benefits for union members from the Canadian district of the UBC. This partnership aims to strengthen local economies and support long-term employment in the skilled trades.

"The infrastructure and real estate strategy is about building more than just infrastructure and real estate -- it's about building opportunity for union members and delivering lasting value to our communities. By investing directly in union-built projects, we're creating good-paying jobs, supporting apprenticeships and ensuring that the benefits of development stay with the workers who make it possible," said Jason Rowe, Canadian district vice-president, United Brotherhood of Carpenters and Joiners of America.

Infrastructure investments will be managed by Fiera Infrastructure Inc. under the leadership of Jamie Crotin, managing director. The mandate will focus on social and civil infrastructure, transportation and renewable energy projects that strengthen Canada's economy and deliver lasting benefits to its communities.

Real estate investments will be managed by Fiera Real Estate Investments Ltd., led by Pierre Pelletier, senior managing director and head of development and debt, with a strategic focus on urban and multiresidential developments and industrial projects.

Investments will prioritize greenfield projects in multiresidential housing and essential public infrastructure.

John Valentini, president and chief executive officer of Fiera Private Markets, noted: "Fiera's teams have delivered significant infrastructure and real estate projects across Canada by combining disciplined investment with operational excellence. With this new mandate, we are building a platform that sets a benchmark for value creation and real-world impact."

Maxime Menard, global president and chief executive officer of Fiera Capital, added: "The Canadian Built Opportunities Platform is a testament to our ability to design and deliver high-impact, customized investment solutions. Our partnership with the Canadian district of the UBC is building on our experience in managing pension assets for multiemployers and redefining how investment capital can support skilled labour and local communities. This initiative is part of our commitment to leadership in responsible investing and to playing a part in building Canada's future prosperity."

About Fiera Capital Corp.

Fiera Capital is a leading independent asset management firm with a growing global presence. Fiera Capital delivers customized and multiasset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe, and key markets in Asia and the Middle East. Fiera Capital's depth of expertise, diversified investment platform and commitment to delivering outstanding service are core to the company's mission of being at the forefront of investment management science to create sustainable wealth for clients. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange.

Headquartered in Montreal, Fiera Capital, with its affiliates in various jurisdictions, has offices in over a dozen cities around the world, including New York, London, Hong Kong and Abu Dhabi.

Each affiliated entity of Fiera Capital only provides investment advisory or investment management services or offers investment funds in the jurisdictions where the affiliate is authorized to provide services pursuant to an exemption from registration and/or the relevant product is registered.

We seek Safe Harbor.