Mr. Derik Murray reports

NETWORK MEDIA GROUP ANNOUNCES CHANGE TO BOARD

Ali Pejman has retired as chairman of the board of directors of Network Media Group Inc., effective immediately.

Mr. Pejman joined Network's board in October, 2019, leading to a time of major upheaval in the entertainment industry brought on by the global pandemic and subsequent labour disruptions. His steady leadership helped guide Network through these unprecedented challenges.

Since joining the board, Mr. Pejman has been instrumental in supporting the company's development and expansion of intellectual property, leading to the greenlighting of multiple documentaries and documentary series. He served as an executive producer on two of Network's most celebrated productions: the Emmy-nominated Sly Lives! (The Burden of Black Genius), which premiered at the 2025 Sundance Film Festival and launched on Hulu in partnership with Disney's Onyx Collective under the direction of Academy Award winner Ahmir (Questlove) Thompson, and Sidney, produced with Oprah Winfrey and directed by Reginald Hudlin for Apple TV+, which premiered at TIFF 2022 and received numerous accolades, including best documentary from the African American Film Critics Association and outstanding directing from the NAACP Image Awards.

Mr. Pejman also played a guiding role in Network's acclaimed I Am film series, including documentaries on Raquel Welch, Steve McQueen, Luke Perry, Joe Frazier, Burt Reynolds, Jacqueline Kennedy Onassis and Alfred Hitchcock.

"It's been a true privilege to serve alongside such a talented and passionate team at Network. Over the past several years, we've built meaningful stories that celebrate icons, inspire audiences and uphold the company's reputation for excellence in documentary filmmaking. I'm deeply proud of what we've accomplished together and look forward to cheering on Network as it continues to grow and evolve in the years ahead," said Mr. Pejman.

"On behalf of myself and our board, we want to thank Ali for his dedication and commitment to Network during a pivotal period in our history," said Network chief executive officer Derik Murray. "We are deeply grateful for his leadership, vision and investment in the company, and we look forward to continuing to draw on his expertise as an investor and strategic adviser."

About Network Media Group Inc./Network Entertainment Inc.

Network Media Group is the parent company of Network Entertainment.

Network Entertainment is a creatively driven, boutique film, television and digital content production company that creates, finances and produces award-winning programming for television, digital platforms and movie audiences around the world.

The Network premium brand of content delivers world-class casts and features visually cinematic, richly crafted storytelling. The company's productions are consistently embraced by both audiences and critics alike, garnering awards, record ratings and unparalleled media coverage for Network and its partners.

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