Mr. Yanick Blanchard reports

COLABOR GROUP INC. ANNOUNCES FORBEARANCE AGREEMENTS WITH PRINCIPAL LENDERS AND INVESTISSEMENT QUEBEC

Colabor Group Inc. has entered into a forbearance agreement with its principal lenders, including Toronto-Dominion Bank, Bank of Montreal and Bank of Nova Scotia, under its amended and restated senior first-ranking secured credit facility. In addition, the company has entered into separate forbearance agreements with Investissement Quebec under its subordinated and highly subordinated credit facilities with IQ.

Under the terms of the forbearance agreements, the lenders and IQ have agreed to temporarily forbear from exercising their rights and remedies in respect of anticipated defaults under the A&R credit facility and the IQ credit facilities, specifically related to certain financial covenants for the third and fourth quarters of 2025.

The forbearance agreements are the result of successful discussions with the lenders and IQ that were previously disclosed by the company in June, 2025. In parallel, the company is actively engaged in further discussions with its lenders and IQ regarding potential amendments to the A&R credit facility and the IQ credit facilities, aiming to further support Colabor's long-term stability and growth. The forbearance period is effective until Oct. 15, 2025, and is subject to Colabor's continued compliance with specified financial and operational covenants.

The forbearance agreements provide Colabor with additional flexibility following the July, 2025, cybersecurity incident and works to strengthen its financial position. The company remains committed to operating in the normal course, meeting its obligations to customers and suppliers, and implementing its business plan. Colabor's management and board of directors are actively engaged in continuing discussions with stakeholders, and are focused on positioning the company for long-term stability and growth.

About Colabor Group Inc.

Colabor is a distributor and wholesaler of food and related products serving the hotel, restaurant and institutional markets in Quebec and in the Atlantic provinces, as well as the retail market. Within its operating activities, Colabor offers specialty food products such as fish and seafood, and meat, as well as food and related products through its Broadline activities.

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