Mr. Craig Armitage reports

MOGO APPLIES TO EXTEND THE EXPIRY DATES OF CERTAIN WARRANTS

Mogo Inc. has applied to the Toronto Stock Exchange to extend the expiry date of 1,120,371 common share purchase warrants. The warrants were issued pursuant to the company's $27.5-million (U.S.) registered direct offering in December, 2021, and are currently set to expire on June 13, 2025. The warrants consist of 101,852 warrants with an exercise price of $16.875 (U.S.) per common share and 1,018,519 warrants with an exercise price of $14.10 (U.S.) per common share. Each warrant entitles the holder thereof to acquire one common share of the company, and all other terms of the warrants will remain the same.

The company is seeking to extend the expiry date of the warrants to June 13, 2026. No insiders of the company hold any of the warrants, directly or indirectly. Finalization of this extension is subject to the approval of the Toronto Stock Exchange and the warrantholders. If such approvals are obtained, this extension will be effective on the date that is 10 business days from the date of this press release, and the warrants cannot be exercised during the period from June 13, 2025, up to the effective date.

About Mogo Inc.

Mogo is a financial technology company with three distinct business lines: wealth, lending and payments. Its mission is to provide consumers with innovative financial solutions that drive long-term financial health and success. It operates with a differentiated approach in each business, leveraging technology, behavioural science and financial tools to create unique value propositions in respective markets.

Its wealth and lending businesses are focused on the Canadian market, where the company is the only subprime consumer lender that also offers a holistic wealth and investing solution. This unique integration is designed to help consumers transition from borrowing and debt to long-term wealth building. Separately, its payment business is operated through Carta Worldwide, a wholly owned subsidiary that provides modern card issuing and processing solutions, primarily in Europe.

We seek Safe Harbor.