Mr. Mark Noble reports

GUARDIAN CAPITAL GROUP LIMITED PROVIDES SHAREHOLDERS WITH UPDATE REGARDING THE DELIVERY OF ITS SPECIAL MEETING MATERIALS IN LIGHT OF CANADA POST NATIONAL LABOUR STRIKE

Guardian Capital Group Ltd. has provided shareholders with an update to its Sept. 25, 2025, press release announcing, among other things, the filing and the commencement of mailing of its management information circular and related materials for the coming special meeting of holders of common shares and Class A shares in the capital of Guardian to approve the plan of arrangement under the Business Corporations Act (Ontario) in light of the current Canada Post national labour strike.

If the arrangement is completed, Desjardins Global Asset Management Inc., an affiliate of Desjardins Group, will acquire all of the issued and outstanding Guardian shares, other than certain Guardian shares owned by specified shareholders who entered into equity rollover agreements, for $68 per Guardian share in cash, all as more particularly described in the circular.

Meeting materials

Due to the continuing strike, there may be some uncertainty regarding the timing of delivery of the materials to shareholders residing in Canada. Guardian encourages shareholders to access the circular and materials electronically on SEDAR+ and on Guardian's website. The delivery of materials by mail to non-Canadian shareholders is not anticipated to be impacted by the strike.

For mailing to Canadian shareholders, although the materials had in many cases already been delivered to Canada Post prior to the commencement of the strike, Guardian has also, to the extent possible and practicable, couriered copies of the applicable materials to Canadian shareholders. Canadian shareholders who had previously consented to electronic delivery should by now have received the applicable materials by electronic mail.

How to vote

Due to the time sensitivity, while the strike remains continuing, all shareholders are encouraged to vote on-line or by telephone rather than by mail:

• Registered shareholders: You are a registered shareholder if you are registered as the holder of Guardian Shares in the corporation's share register maintained by its transfer agent, Computershare Investor Services Inc.:
  • On-line: Go to the Investor Vote website, enter the 15-digit control number printed on your form of proxy and follow the instructions on the screen.
  • Telephone: Call 1-866-732-8683 (toll-free in North America) or 312-588-4290 (outside of North America), enter the 15-digit control number printed on your form of proxy, and follow the voice recording instructions.
• Non-registered shareholders: You are a non-registered (beneficial) shareholder if your broker, investment dealer, bank, trust company, custodian, nominee or other intermediary holds your Guardian shares for you:
  • On-line: Go to the Proxy Vote website, enter the 16-digit control number printed on your voting instruction form and follow the instructions on the screen.
  • Telephone: Call 1-800-474-7493 (English) or 1-800-474-7501 (French), enter the 16-digit control number printed on your voting instruction form, and follow the recording instructions.

Registered shareholders who require their voting control numbers should contact Computershare by telephone at 1-800-564-6253 (toll-free in North America) or 1-514-982-7555 (outside of North America). Non-registered shareholders who require their voting control numbers should contact their brokers or other intermediaries.

Additionally, the corporation will utilize Broadridge Financial Solutions' QuickVote system to assist shareholders with voting their Guardian shares, as applicable. Certain non-registered shareholders who have not objected to the corporation knowing who they are (non-objecting beneficial owners) will be contacted by Laurel Hill Advisory Group to conveniently obtain a vote directly over the phone.

Letters of transmittal

Registered shareholders with physical share certificates are encouraged to complete and return letters of transmittal to Computershare by hand or courier to ensure the appropriate documents are received in a timely manner.

Details about Guardian's special meeting of shareholders

The meeting is scheduled to be held in person at the offices of Borden Ladner Gervais LLP, Bay Adelaide Centre, East Tower, 22 Adelaide St. W, Suite 3400, Toronto, Ont., M5H 4E3, at 11 a.m. Toronto time, on Thursday, Oct. 23, 2025. Shareholders of record as of the close of business on Sept. 15, 2025, are entitled to receive notice of and vote at the meeting. Shareholders are urged to vote well in advance of the meeting and, in any event, prior to the proxy voting deadline of 11 a.m. Toronto time on Tuesday, Oct. 21, 2025.

The circular provides important information on the transaction and related matters, including voting procedures, how to attend the meeting and instructions for shareholders unable to attend the meeting. Shareholders are urged to read the circular and other materials carefully and in their entirety.

Shareholder questions and voting assistance

Shareholders who have questions about the information contained in the circular or require assistance with the procedure for voting may contact Guardian's proxy solicitation agent and shareholder communications adviser, Laurel Hill Advisory Group, at the following.

Toll-free:  1-877-452-7184 (for shareholders in North America)

International:  1-416-304-0211 (for shareholders outside of North America)

By e-mail:  assistance@laurelhill.com

About Guardian Capital Group Ltd.

Guardian Capital Group is a global investment management company servicing institutional, retail and private clients through its subsidiaries. As at June 30, 2025, Guardian had $164.1-billion of total client assets while managing a proprietary investment portfolio with a fair market value of $1.25-billion. Founded in 1962, Guardian's reputation for steady growth and long-term relationships and its core values of authenticity, integrity, stability and trustworthiness have been key to its success over six decades. Its common and Class A shares are listed on the Toronto Stock Exchange as GCG and GCG.A, respectively.

We seek Safe Harbor.