Mr. Nini Krishnappa reports

IGM FINANCIAL INC. AMENDS NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted the notice filed by IGM Financial Inc. to amend its normal course issuer bid effective as of Nov. 13, 2025.

The amendment increases the maximum number of common shares of the corporation that may be repurchased from the current five million shares to six million shares, representing approximately 2.5 per cent of the 238,038,544 common shares outstanding on Dec. 9, 2024. Purchases under the NCIB began on Dec. 23, 2024, and will end no later than Dec. 22, 2025.

Based on the average daily trading volume of 250,384 common shares for the six months prior to the commencement of the NCIB, daily repurchases will be limited to 62,596 common shares, other than block purchase exceptions. Purchases will continue to be made by means of open-market transactions through the facilities of the TSX and/or alternative Canadian trading systems. Any common shares purchased pursuant to the NCIB will be cancelled. In connection with the amended NCIB, IGM has amended its automatic purchase plan to reflect the increase in shares.

The amendment to the NCIB will facilitate additional share repurchases to mitigate the dilutive effect of stock options issued under the corporation's stock option plan and for other capital management purposes.

As of Nov. 3, 2025, an aggregate of 4,170,800 shares have been purchased under the current NCIB.

About IGM Financial Inc.

IGM Financial is a leading Canadian diversified wealth and asset management organization with approximately $307-billion in total assets under management and advisement as of Oct. 31, 2025. The company is committed to bettering the lives of Canadians by better planning and managing their money. To achieve this, IGM provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals. IGM's activities are carried out principally through IG Wealth Management and Mackenzie Investments and are complemented by strategic positions in wealth managers Rockefeller Capital Management and Wealthsimple and asset managers ChinaAMC and Northleaf Capital. These strengthen IGM's capabilities, reach and diversification. IGM is a member of the Power Corp. group of companies.

We seek Safe Harbor.