Mr. Marc-Antoine Daoust reports

COLABOR GROUP INC. OBTAINS CREDITOR PROTECTION UNDER CCAA AND ANNOUNCES THE APPOINTMENTS OF MR. MARC-ANTOINE DAOUST AS CHIEF FINANCIAL OFFICER AND MR. YANICK BLANCHARD AS CHIEF RESTRUCTURING OFFICER

The Superior Court of Quebec (commercial division) has issued an initial order, granting Colabor Group Inc. and certain of its subsidiaries, Transport Paul-Emile Dube Ltee., Le Groupe Resto-Achats Inc. and Norref Fisheries Quebec Inc., protection under the companies' Creditors Arrangement Act.

Raymond Chabot Inc. has been appointed pursuant to the initial CCAA order as monitor of the company to assist the company with its restructuring efforts and to report to the court. In addition, the initial order provides for, among other things, a stay of proceedings against the company and its concerned subsidiaries, including a stay of creditor claims and exercise of certain contractual rights, and the approval of debtor-in-possession financing provided by Toronto-Dominion Bank, Bank of Montreal and Bank of Nova Scotia under a secured superpriority interim credit facility. The DIP financing will finance the sale and investment solicitation process in respect of the company and its concerned subsidiaries' businesses or assets and the company's operations during the restructuring process. The continued availability of the DIP financing is dependent upon certain conditions being satisfied, including court approval.

The court also issued an order approving an SISP to provide interested parties with the opportunity to submit proposals with a view to determine the best possible transaction for the company, its concerned subsidiaries and its stakeholders.

While under CCAA protection, management of the company will remain responsible for the day-to-day operations of the company under the oversight of the monitor.

The company also announces the appointment of Marc-Antoine Daoust as chief financial officer, which position Yanick Blanchard filled on an interim basis since July 17, 2025. Mr. Daoust served as the company's vice-president, finance, prior to this appointment. Mr. Daoust has over 25 years of experience in finance in Canada and internationally, and has held leadership roles in large companies. Mr. Blanchard will serve as the company's chief restructuring officer.

A copy of the initial order granted by the court will be available, along with additional information respecting the CCAA proceedings, on the monitor's website. Readers are urged to consult the full text of all of these documents for further, more detailed information.

Further news releases will be provided during the CCAA proceedings as required by law or otherwise as may be determined necessary by the company or the court. Documents relating to the restructuring process such as the initial order and the monitor's reports to the court, as well as other court orders and documents, shall also be published and made available on the monitor's website.

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 two operating activities, Colabor offers specialty food products such as meat, fish and seafood, as well as food and related products, through its Broadline activities.

We seek Safe Harbor.