Mr. Matt Tatham reports

KINAXIS ANNOUNCES NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted a notice filed by Kinaxis Inc. of the company's intention to make a normal course issuer bid. In connection with the NCIB, the company has entered into an automatic share purchase plan with its designated broker to allow for purchases of its common shares.

The notice provides that the company may, during the 12-month period commencing Nov. 12, 2025, and ending Nov. 11, 2026, or on such earlier date as Kinaxis completes its purchases or provides notice of termination, purchase up to 1,403,042 shares in total, representing approximately 5 per cent of the issued and outstanding shares as at Oct. 31, 2025. As of the close of business on Oct. 31, 2025, the company had 28,060,844 shares issued and outstanding. Except for block purchases permitted under the rules of the TSX, the number of shares to be purchased per day will not exceed 14,137, which represent 25 per cent of the average daily trading volume of the shares on the TSX for the most recently completed six calendar months ended Oct. 31, 2025 (being 56,549 shares), prior to the TSX's acceptance of the notice. The actual number of shares which may be purchased under the NCIB and the timing of any such purchases will be determined by management of the company, subject to applicable law and the rules of the TSX.

Subject to any required regulatory approvals, all purchases of shares under the NCIB will be conducted through the facilities of the TSX and/or alternative Canadian trading systems at prevailing market prices, or by such other means as may be permitted by the applicable securities regulators. All shares purchased under the NCIB will be cancelled.

Kinaxis has entered into an ASPP with RBC Dominion Securities Inc. to allow for the purchase of shares under the NCIB at times when the company would ordinarily not be permitted to purchase shares due to regulatory restrictions or self-imposed blackout periods.

Pursuant to the ASPP, prior to entering into a blackout period, Kinaxis may, but is not required to, instruct RBC DS to make purchases under the NCIB in accordance with the terms of the ASPP. Such purchases will be determined by RBC DS in its sole discretion based on limits established by Kinaxis prior to the blackout period in accordance with the rules of the TSX, applicable securities laws and the terms of the ASPP. The ASPP has been precleared by the TSX concurrently with the initiation of the NCIB.

The board of directors of the company believes that, from time to time, the market price of the shares may not fully reflect the underlying value of the company's business. As a result, depending upon future price movements and other factors, the board believes that the purchase of the shares would be a desirable use of corporate funds in the best interests of the company. Furthermore, the purchases are expected to benefit all persons who continue to hold shares by increasing their equity interest in the company when such repurchased shares are cancelled.

Under Kinaxis's normal course issuer bid, which expired on Nov. 5, 2025, the company received approval from the TSX to purchase for cancellation up to a maximum of 1,404,639 shares, representing approximately 5 per cent of Kinaxis's issued and outstanding shares as at Oct. 23, 2024. The company repurchased and cancelled 706,736 shares under the previous NCIB, at a weighted-average purchase price of approximately $181.96 per share (including commissions).

About Kinaxis Inc.

Kinaxis is a global leader in modern supply chain orchestration, powering complex global supply chains and supporting the people who manage them. Its powerful, artificial-intelligence-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain -- from multiyear strategic planning to last-mile delivery. It is trusted by renowned global brands to provide the agility and predictability needed to navigate today's volatility and disruption.

We seek Safe Harbor.