Mr. Shawn Peters reports

ISC SELECTED BY BANK OF CANADA TO OPERATE NEW BANK ACT SECURITY REGISTRY UNDER FIVE-YEAR CONTRACT

The Bank of Canada has selected Information Services Corp. as operator and technology solutions provider for the Bank Act Security Registry, which enables security interests to be registered under Section 427 of the Bank Act across Canada.

This opportunity expands the company's registry operations segment, which will be responsible for the service delivery of the registry, with the development and implementation of the critical technology solution being provided by Information Services' technology solutions segment. Once implementation is complete, the Bank Act Security Registry will be capable of 24/seven/365 service provision and a range of on-line submission and search capabilities for customers. The company expects to commence operating the registry in summer 2024.

"ISC is proud to provide services to the Bank of Canada on this important project," said Information Services president and chief executive officer Shawn Peters. "This five-year contract is a testament to ISC's expertise in modernizing, streamlining and operating complex registry systems. We are pleased to embark on this initiative, and excited about the continued growth for ISC and its technology solutions and registry operations segments."

Information Services' opportunity to operate the Bank Act Security Registry builds on recent momentum for its RegSys technology platform, including the recent announcement of its implementation contract for the State of Michigan, as well as other recent contracts with Cyprus, Jersey and the States of Guernsey.

About Information Services Corp.

Headquartered in Canada, Information Services is a leading provider of registry and information management services for public data and records. Throughout its history, the company has delivered value to its clients by providing solutions to manage, secure and administer information through its registry operations, services and technology solutions segments. Information Services is focused on sustaining its core business while pursuing new growth opportunities.

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