Mr. Zev Korman reports

ONEX ANNOUNCES AN "EVENT OF CHANGE" AFFECTING THE VOTING RIGHTS OF ITS MULTIPLE AND SUBORDINATE VOTING SHARE CLASSES

There has been an occurrence of an event of change as defined in Onex Corp.'s articles of incorporation. As a result, certain voting rights associated with Onex's issued and outstanding subordinate voting shares and multiple voting shares have been affected. (All amounts are in U.S. dollars unless otherwise stated.)

Following the event of change, holders of SVS are entitled to one vote per share for each SVS held at shareholder meetings and are entitled to elect 80 per cent of the members of the Onex board of directors whereas holders of MVS are entitled to 20 per cent of the members of the Onex board of directors and will no longer be entitled to vote at shareholder meetings except as provided by the articles or applicable law. The articles include a sunset provision pursuant to which Onex will repurchase the MVS for nominal consideration on May 11, 2029, or earlier, if Gerald W. Schwartz, together with his immediate family, cease to own at least 5 per cent of the outstanding SVS. Mr. Schwartz currently beneficially owns, controls or directs approximately 10.6 per cent of the outstanding SVS.

About Onex Corp.

Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, it has a long record of creating value for its clients and shareholders. Its investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices, and high-net-worth individuals. In total, Onex has approximately $59.2-billion in assets under management, of which $8.7-billion is Onex's own investing capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex's platforms.

Onex is listed on the Toronto Stock Exchange under the symbol ONEX.

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