The Toronto Stock Exchange reports that Premium Brands Holdings Corp.'s subscription receipts will be listed at 5:01 p.m. on Dec. 16, 2025, for trading at the open on Dec. 17, 2025. As stated in the prospectus supplement dated Dec. 12, 2025, the company is issuing 2,872,400 subscription receipts at $97.50 per subscription receipt in a public offering that is expected to close before the open on Dec. 17, 2025. According to the TSX, the subscription receipts will trade under the symbol PBH.R, in Canadian dollars and with Cusip No. 74061A 12 4. The transfer agent and registrar is TSX Trust Company at its principal office in Toronto, and the designated market-maker is W.D. Latimer Co. Ltd.

The TSX reports that each subscription receipt entitles the holder to receive, upon the closing of the Stampede acquisition, without payment of any additional consideration and without any further action on the part of the holder thereof, one common share of the company (symbol PBH) plus the dividend equivalent payment, if any, less applicable withholding taxes, if any.

If: (i) the Stampede acquisition does not close before the deadline at 5 p.m. Vancouver time on March 2, 2026; (ii) the Stampede acquisition agreement is terminated at any earlier time; (iii) the company delivers a notice to the subscription receipt underwriters and the subscription receipt agent, executed by the company, declaring that the Stampede acquisition agreement has been terminated or that the company will not be proceeding with the Stampede acquisition; or (iv) the company formally announces to the public by way of a news release that it does not intend to proceed with the Stampede acquisition, holders of subscription receipts shall, commencing on the third business day following the termination date, be entitled to receive from the subscription receipt agent, an amount equal to the aggregate of: (i) the subscription receipt offering price multiplied by the number of subscription receipts held by such holder; (ii) their pro rata share of the interest or other income earned on the escrowed funds in respect of the subscription receipts issued in the offering from the date of the offering closing to, but excluding, the termination date; and (iii) their pro rata share of the deemed interest, less any applicable withholding taxes. No dividend equivalent payment will be made to holders of subscription receipts if a termination event occurs.

The TSX notes that the dividend equivalent is an amount per subscription receipt equal to the amount per common share of any cash distributions made by the company for which record dates have occurred during the period from and including the date of the offering closing to and including the date immediately preceding the date common shares are issued or deemed to be issued pursuant to the subscription receipt agreement, if any, less applicable withholdings taxes, payable in respect of each subscription receipt.

The subscription receipts will be listed and posted for trading until the earlier of the completion of the Stampede acquisition or a termination event. The TSX will issue a further bulletin to confirm either: (a) the completion of the Stampede acquisition; and/or (b) the delisting of the subscription receipts. The TSX has issued a separate bulletin regarding the company's offering of convertible unsecured subordinated debentures.