Mr. Eric Lefebvre reports

MTY FOOD GROUP INC. ANNOUNCES RESULTS FROM 2025 ANNUAL GENERAL MEETING

MTY Food Group Inc. has released the voting results from its 2025 annual general meeting of shareholders held on Friday, May 2, 2025. Over 16,283,918 shares were voted, representing 70.57 per cent of the outstanding shares of the company. Disclosed herein are the results of the votes on the matters set out in the management information circular dated March 19, 2025.

Election of directors

Each of the nominees listed in the information circular was elected as a director of the corporation. Individual results are set out in an attached table.

Appointment of auditor

Pricewaterhouse Coopers LLP was reappointed as auditor of the corporation, and the directors were authorized to fix the remuneration of the auditor. Results are set out in an attached table.

Advisory vote on executive compensation

The shareholders approved the following resolution: on an advisory basis and not to diminish the role and responsibilities of the directors, the shareholders accept the board's approach to executive compensation disclosed in the information circular. Results are set out in an attached table.

Shareholder proposal No. 1

The following resolution was rejected by the shareholders: the board of directors adopt a policy to require the board chair to be an independent director and amends the governing documents as necessary. Results are set out in an attached table.

Shareholder proposal No. 2

The following resolution was rejected by the shareholders: MTY publish a food waste transparency report that identifies the types and quantities of food in the waste streams across its organization (including related disposal methods) and establishes measurable, timebound food waste reduction targets to regularly report progress toward. Results are set out in an attached table.

Shareholder proposal No. 3

The following resolution was rejected by the shareholders: MTY adopt "a road map with benchmarks" for switching to cage-free eggs. Results are set out in an attached table.

Each of the matters voted upon at the meeting is discussed in detail in the company's management information circular dated March 19, 2025. Final voting results on all matters voted at the meeting will be filed on SEDAR+ under the company's profile for public filings.

We seek Safe Harbor.