Mr. Greg Feller reports

MOGO REPURCHASES 4.4% OF OUTSTANDING SHARES SINCE JUNE 2022

During the 12 months ended Dec. 31, 2023, Mogo Inc. repurchased and cancelled 474,353 common shares under its share buyback program on Nasdaq and its normal course issuer bid on the Toronto Stock Exchange (TSX). Including the 600,000 common shares repurchased in 2022 under the Nasdaq buyback program, the company has repurchased 1,074,353 common shares to date, representing 4.4 per cent of the company's current outstanding common shares. The company currently has 24.5 million common shares issued and outstanding.

EXCHANGE    SHARES REPURCHASED IN 2023    AVERAGE PRICE

Nasdaq                         369,553     $1.82 (U.S.)  
TSX                            104,800            $2.04   

"We expect to remain active with our buyback programs while our shares do not accurately reflect the underlying value of our business -- both the core business and our 14-per-cent ownership in WonderFi, Canada's only fully regulated crypto exchange," said Greg Feller, president and chief financial officer.

All common share amounts and prices referred to in this press release have been adjusted to reflect the company's 3:1 share consolidation that was implemented in August, 2023.

About Mogo Inc.

With more than two million members and $9.6-billion in annualized payments volume, Mogo is one of Canada's leading and most innovative fintechs. Mogo is disrupting the multitrillion-dollar Canadian wealth industry with simple digital solutions to help members dramatically improve their path to wealth creation and financial freedom. Mogo's trade app, MogoTrade, offers commission-free stock trading that helps users thoughtfully invest based on a Warren Buffett approach to long-term investing -- and make a positive impact with every investment. Moka, Mogo's wholly owned subsidiary, offers Canadians a real alternative to mutual funds that overcharge and underperform with a passive investing solution based on an S&P 500 strategy at a fraction of the cost of typical mutual funds. Together, these products offer a holistic solution for best-in-class passive and active investing that is built to optimize the wealth-building of Canadians, not the fees they generate. Through its digital payments subsidiary, Carta Worldwide, Mogo also offers a payments platform that powers the next-generation card programs from innovative fintech companies in Europe and Canada.

We seek Safe Harbor.