Mr. Phillip Underwood reports

MAGELLAN AEROSPACE ANNOUNCES REPORT ON VOTING RESULTS FOR DIRECTORS

At the annual meeting of shareholders of Magellan Aerospace Corp., held on May 8, 2026, the proposed nominees for directors of the corporation received votes as detailed in the attached table.

As a result, all of the named nominees have been elected to hold office for the ensuing year, or until their successors are duly elected or appointed, subject to the provisions of the Business Corporations Act (Ontario) and bylaws of the corporation.

About Magellan Aerospace Corp.

Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. Magellan designs, engineers and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced products for military and space markets, industrial power generation, and specialty products. Magellan is a public company, the shares of which trade on the Toronto Stock Exchange (symbol MAL), with operating units throughout North America, Europe and India.