Mr. Lucas Pontillo reports

FIERA CAPITAL ANNOUNCES THE COMPLETION OF A $100 MILLION DEBENTURE REFINANCING WITH FONDS DE SOLIDARITE FTQ

Fiera Capital Corp. has completed a private placement of a senior subordinated unsecured debenture in a principal amount of $100-million to Fonds de solidarite FTQ issued at par, concurrently with the redemption of its 6.00 per cent senior subordinated unsecured debenture due June 30, 2027, previously issued to Fonds de solidarite FTQ, at its principal amount of $100-million.

The debenture bears interest at a rate of 7.40 per cent per annum, payable semi-annually in arrears, and will mature on April 30, 2031. The debenture will be redeemable in whole or in part at the company's option, before April 30, 2030, at a price equal to the principal plus accrued and unpaid interest and a premium calculated in accordance with the terms of the debenture and, on or after April 30, 2030, at par plus accrued and unpaid interest.

The company will have the option to satisfy the redemption price or repay the principal amount of the debenture due at redemption or maturity and pay interest on the debenture on each interest payment date by issuing and delivering freely tradeable Class A subordinate voting shares. The debenture will not be convertible into Class A subordinate voting shares at the option of the holder. The debenture ranks pari passu with the company's 7.75 per cent senior subordinated unsecured debentures due June 30, 2030.

"We are pleased to refinance our debenture with Fonds de solidarite FTQ, a valued long-term partner. This refinancing is aligned with our objective of maintaining a prudent and flexible capital structure. It strengthens our ability to execute on our priorities while continuing to position Fiera Capital for long-term, sustainable value creation," said Lucas Pontillo, executive director, global chief financial officer and head of corporate strategy at Fiera Capital.

About Fiera Capital Corp.

Fiera Capital is a leading independent asset management firm with a global presence. Fiera Capital delivers disciplined, high-conviction solutions across public and private markets, differentiated by award winning investment teams, aiming to create lasting value and stability in dynamic global markets. Fiera Capital's vision is to be the partner of choice for clients seeking performance and the home of people who deliver it.

Headquartered in Montreal, Canada, Fiera Capital, with its affiliates in various jurisdictions, has offices in over a dozen cities around the world, including New York (United States), London (United Kingdom), Hong Kong (SAR), Tokyo (Japan) and Abu Dhabi (ADGM).

We seek Safe Harbor.