Mr. Alex Limosani reports

GROUPE DYNAMITE ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

Groupe Dynamite Inc. has received regulatory approval from the Toronto Stock Exchange of its notice of intention to renew its normal course issuer bid. Under the NCIB, Groupe Dynamite may purchase for cancellation, during the period commencing on April 17, 2026, and ending on the earlier of April 16, 2027, and the date on which the company reaches the maximum purchases permitted under the NCIB, up to an aggregate of 1,572,356 subordinate voting shares, representing approximately 10 per cent of the public float of Groupe Dynamite as at April 3, 2026.

The company's capital allocation priority for the next 12 months is investing in business growth. With a healthy balance sheet and minimal debt, the company expects to continue generating strong free cash flow. The company plans to return capital to shareholders in the near term while maintaining a solid balance sheet. The company believes that the market price of the subordinate voting shares may from time to time not reflect the underlying value of the subordinate voting shares.

The renewal of the NCIB follows on the conclusion of the company's previous normal course issuer bid, which expires on April 16, 2026. The company had received the approval of the TSX to purchase up to 1,301,447 subordinate voting shares under the previous NCIB. From the commencement of the previous NCIB until April 3, 2026, the company purchased 1,218,800 subordinate voting shares authorized by the TSX under the previous NCIB, through open market purchases on the TSX and/or Canadian alternative trading systems, with subordinate voting shares purchased at a weighted-average price of $51.2522 per subordinate voting share.

The net average daily trading volume for the period of six months prior to March 31, 2026, represents 176,613 subordinate voting shares. In accordance with TSX requirements, the company is entitled to purchase, on any trading day, up to a total of 44,153 subordinate voting shares, representing 25 per cent of this average daily trading volume. Purchases pursuant to the NCIB may be effected through the facilities of the TSX and/or alternative Canadian trading systems, as well as outside of the facilities of the TSX pursuant to exemption orders issued by securities regulators and, subject to the terms of the NCIB, at such times and in such number as determined by the management of the company, in accordance with the policies and rules of the TSX, from time to time, over the course of 12 months commencing on April 17, 2026, and ending at the latest on April 16, 2027. All subordinate voting shares purchased under the NCIB will be purchased at their market price at the time of acquisition, except for purchases effected outside of the facilities of the TSX pursuant to exemption orders issued by securities regulators, which will be at a discount to the market price, as provided in such exemption orders.

The actual number of subordinate voting shares purchased under the NCIB, the timing of purchases and the price at which the subordinate voting shares are bought will depend upon management discretion based on factors such as market conditions, subject to applicable securities laws and TSX rules. All subordinate voting shares repurchased under the NCIB will be cancelled upon their repurchase. There can be no assurances that any such purchases of subordinate voting shares under the NCIB will be completed.

In connection with the NCIB, the company will enter into an automatic securities purchase plan with a designated broker on or about April 17, 2026, whereby subordinate voting shares may be repurchased at times when such purchases would otherwise be prohibited pursuant to regulatory restrictions or self-imposed blackout periods. Under the ASPP, before entering a self-imposed blackout period, the company may, but is not required to, ask the designated broker to make purchases under the NCIB. Such purchases will be made at the discretion of the designated broker, within limits established by the company prior to the blackout periods. Outside of the blackout periods, purchases are made at the discretion of the company's management. The ASPP will constitute an automatic plan for purposes of applicable Canadian securities legislation and has been precleared by the TSX.

As of April 3, 2026, the company had 20,787,513 subordinate voting shares issued and outstanding and a public float of 15,723,562 subordinate voting shares.

About Groupe Dynamite Inc.

Groupe Dynamite is a growth-oriented company striving for excellence in the fashion industry. Operating retail stores and digital experiences under two complementary and spirited banners -- Garage and Dynamite -- it offers a wide range of women's fashion apparel, catering to the needs of Generation Z and Millennials. With a growing international presence, it operates across Canada and the United States, and more recently expanded into the United Kingdom, advancing its global footprint. With leading key operating metrics and a commitment to innovation and disciplined execution, it is proud to continue its ambitious growth plans. Guided by its mission, "Empowering you to be you, one outfit at a time," it is a values-led, inclusive organization committed to inspiring confidence and self-expression. Proudly rooted in the chic and vibrant city of Montreal, its culture, values and distinct brands position it to shape the future of fashion while attracting and inspiring the next generation of leaders and creators. Its ownership-mentality and entrepreneurial mindset are reflected in the shared success program, through which all its 7,200 employees have ownership exposure. This alignment of interests and values fosters collaboration, fuels innovation, and creates meaningful long-term value for the team and stakeholders alike.

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