Mr. Rob Chase reports

MEDIAVALET ANNOUNCES SECURITYHOLDER APPROVAL OF ARRANGEMENT WITH AFFILIATE OF STG PARTNERS

At the special meeting of holders of common shares and warrants held today, the securityholders voted in favour of the special resolution to approve MediaValet Inc.'s previously announced plan of arrangement with an affiliate of STG Partners LLC. The purchaser will acquire all of the issued and outstanding common shares of MediaValet for cash consideration of $1.71 per share.

Shareholders holding a total of 34,857,538 shares were represented in person or by proxy at the meeting, which constituted a quorum of shareholders, which represented 79.5 per cent of the 43,846,966 issued and outstanding shares entitled to vote as of Feb. 23, 2024, the record date for the meeting.

The arrangement resolution required the approval of at least: (i) two-thirds (66-2/3rds per cent) of the votes cast by the shareholders; (ii) two-thirds (66-2/3rds per cent) of the votes cast by the securityholders, voting together as a single class; and (iii) a majority of the votes cast by shareholders, excluding votes from certain shareholders as required under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions).

Of the votes cast at the meeting, 89.84 per cent of the votes cast by shareholders (85.74 per cent after excluding shares required to be excluded under MI 61-101) and 90.57 per cent of the votes cast by securityholders voting as a single class were in favour of the arrangement resolution.

The company will seek a final order from the Court of King's Bench in Alberta to approve the arrangement on March 28, 2024. Completion of the arrangement is subject to the satisfaction of customary closing conditions for a transaction of this nature, including receipt of the final order. Subject to the satisfaction (or waiver) of the conditions precedent, it is expected that the arrangement will be completed on April 2, 2024. Following completion of the arrangement, it is expected that the common shares of MediaValet will be delisted from the Toronto Stock Exchange.

About MediaValet Inc.

MediaValet stands at the forefront of the cloud-native, software-as-a-service, enterprise DAM solutions, video content management and creative operations industries. Built exclusively on Microsoft Azure and available across 61 Microsoft data centre regions in 140 countries around the world, MediaValet delivers unparalleled enterprise-class security, reliability, redundancy, compliance and scalability while offering the largest global footprint of any DAM solution. In addition to providing enterprise, cloud-native DAM capabilities at a global scale, desktop to server to cloud support for creative teams, overall cloud redundancy and management for all source, WIP, and final assets, MediaValet offers industry-leading integrations into Slack, Adobe Creative Suite, Microsoft Office 365, Wrike, Drupal, WordPress and many other best-in-class third party applications.

About STG Partners LLC

STG is a private equity partner to market-leading companies in data, software and analytics. The firm brings experience, flexibility and resources to build strategic value and unlock the potential of innovative companies. Partnering to build customer-centric, market-winning portfolio companies, STG creates sustainable foundations for growth that bring value to existing and future stakeholders. The firm is dedicated to transforming and building outstanding technology companies in partnership with world-class management teams. STG's expansive portfolio has consisted of more than 50 global companies.

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