Ms. Caroline Drouin reports

IA FINANCIAL GROUP ANNOUNCES OFFERING OF $500 MILLION OF 4.158% FIXED/FLOATING UNSECURED SUBORDINATED DEBENTURES

iA Financial Corp. Inc. has arranged an offering of $500-million aggregate principal amount of 4.158 per cent fixed/floating unsecured subordinated debentures due May 26, 2036.

The offering is expected to close on or about May 26, 2026. The company intends to use the net proceeds from the sale of the debentures for general corporate purposes, which may include investments in subsidiaries and repayment of indebtedness.

The debentures will mature on May 26, 2036. Interest on the debentures at the rate of 4.158 per cent per annum will be payable in arrears in equal semi-annual instalments on May 26 and Nov. 26, in each year, commencing on Nov. 26, 2026, and continuing until May 26, 2031. From May 26, 2031, interest on the debentures will be payable at a rate per annum equal to daily compounded CORRA (Canadian overnight repo rate average) plus 1.15 per cent payable quarterly in arrears on the 26th day of each of February, May, August and November in each year, commencing on Aug. 26, 2031.

The offering is being done on a best-efforts agency basis by a syndicate of agents led by RBC Capital Markets, BMO Capital Markets and CIBC Capital Markets, as co-leads and bookrunners, and including National Bank Financial Markets, Scotiabank, TD Securities, iA Private Wealth Inc., Casgrain & Company Ltd., and UBS Investment Bank.

The debentures will be offered in each of the provinces of Canada under a shelf prospectus supplement to the company's short-form base shelf prospectus dated May 12, 2026.

Access to the prospectus supplement, the shelf prospectus and any amendments to the documents is provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment to the documents. The shelf prospectus is and the prospectus supplement will be (within two business days) accessible on SEDAR+.

An electronic or paper copy of the prospectus supplement, the shelf prospectus and any amendment to the documents may be obtained, without charge, from RBC Dominion Securities Inc. by contacting torontosyndicate@rbccm.com, from BMO Capital Markets by contacting DCMCADSyndicateDesk@bmo.com or from CIBC Capital Markets by contacting Mailbox.CIBCDebtSyndication@cibc.com, by providing the contact with an e-mail address or address, as applicable.

About iA Financial Corp. Inc.

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares).