An anonymous director reports

MOGO ANNOUNCES 2023 SHARE BUYBACKS

During the three months ended Sept. 30, 2023, Mogo Inc. repurchased and cancelled 134,502 shares under its common share buyback program on the Nasdaq Stock Market and its normal course issuer bid on the Toronto Stock Exchange, which was implemented in August, 2023. For the fiscal year to date, the company has repurchased 254,456 shares under both buyback programs. The company currently has 24.7 million common shares issued and outstanding.

Mogo is repurchasing common shares under the buyback programs because it continues to believe that the market price of its common shares does not accurately reflect their underlying value and the repurchasing for cancellation of such common shares is intended to enhance long-term shareholder value.

All common share amounts and prices referred to in this press release have been adjusted to reflect the company's one-for-three share consolidation that was implemented in August, 2023.

About Mogo Inc.

Mogo, one of Canada's leading digital finance companies, is empowering its members with simple digital solutions to help them build wealth and achieve financial freedom. Mogo's trade app, MogoTrade, offers commission-free stock trading that helps users make a positive impact with every investment and together with Moka, Mogo's wholly owned subsidiary bringing automated, fully managed, flat-fee investing to Canadians, forms the heart of Mogo's digital wealth platform. Mogo also offers digital loans and mortgages. Through Mogo's wholly owned subsidiary, Carta Worldwide, it also offers a digital payments platform that powers the next-generation card programs from innovative financial technology companies in Europe and Canada.