Mr. John Risley reports

MDA ANNOUNCES APPOINTMENT OF YUNG WU TO BOARD OF DIRECTORS

MDA Ltd. has appointed Yung Wu to MDA's board of directors, effective Feb. 14, 2024. Serving as an independent director, Mr. Wu's appointment increases the size of the board to nine directors, in accordance with MDA's bylaws.

Until recently, Mr. Wu was the chief executive officer of the MaRS Discovery District, one of the world's largest innovation hubs with over 1,200 companies in various sectors and at all stages of growth and scale. Prior to MaRS, Mr. Wu had a lengthy career as a serial entrepreneur and private equity investor, building, backing and scaling companies in enterprise software, mobile analytics, big data, media and entertainment, technology services, and biotechnology.

"We are pleased to welcome Yung Wu to our board of directors," said John Risley, chair of the MDA board. "Yung is an experienced innovation and technology leader, entrepreneur and investor. He brings core competencies and valuable insight to the MDA board at a time of rapid technical and market transformation in the space sector."

Mr. Wu currently serves as chair of private equity firm NFQ Ventures, chair of the Toronto Region Board of Trade, a director on the OMERS Administration Corp. board and an independent director on the board of Antibe Therapeutics Inc.

With a focus on creating positive social and economic change through innovation and entrepreneurship, Mr. Wu is co-founder of the Coalition of Innovation Leaders Against Racism (CILAR), a network of senior leaders committed to creating pathways and opportunities in the innovation economy for the black community, indigenous peoples and people of colour. He also served as an inaugural governor-in-council appointee to Canada's Net-Zero Advisory Body.

Mr. Wu has a BSc in computer science, economics and mathematics from the University of Toronto and is a graduate of the Entrepreneurial Masters Program at the Massachusetts Institute of Technology. He is also a member of MENSA, the Young Presidents Organization (YPO), the Institute of Corporate Directors (ICD.D) and the National Association of Corporate Directors (NACD).

About MDA Ltd.

Serving the world from its Canadian home and global offices, MDA is an international space mission partner and a robotics, satellite system and geointelligence pioneer with a 50-year story of firsts on and above the Earth. With over 3,000 employees across Canada, the United States and the United Kingdom, MDA is leading the charge toward viable moon colonies, enhanced Earth observation, communication in a hyperconnected world and more. With a record of making space ambitions come true, MDA enables highly skilled people to continually push boundaries, tackle big challenges, and imagine solutions that inspire and endure to change the world for the better on the ground and in the stars.