Mr. Stephane Lemay reports

POWER CORPORATION ANNOUNCES ISSUE OF PREFERRED SHARES

Power Corp. of Canada has agreed to issue six million non-cumulative first preferred shares, Series H, in the capital of Power Corp. on a bought deal basis, for gross proceeds of $150-million. The Series H shares will be priced at $25 per share and will carry an annual dividend yield of 5.75 per cent. Closing is expected on or about Sept. 22, 2025. The issue will be underwritten by a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets and Scotiabank.

Power Corp. has granted the underwriters an option, exercisable up to 48 hours prior to closing, to purchase up to an additional two million preferred shares ($50-million) at the issue price. Should the underwriters' option be exercised fully, the total gross proceeds of the offering will be $200-million.

The net proceeds of this offering will be used by Power Corp. for general corporate purposes.

The Series H shares will be offered in each of the provinces and territories of Canada by way of a prospectus supplement the short form base shelf prospectus of the company dated Nov. 19, 2024.

Access to the prospectus supplement, the shelf prospectus and any amendments to the documents is provided in accordance with securities legislation relating to procedures for providing access to a prospectus supplement, a base shelf prospectus and any amendment. The shelf prospectus is, and the prospectus supplement will be (within two business days of the date hereof), accessible on SEDAR+. An electronic or paper copy of the prospectus supplement, the shelf prospectus and any amendment to the documents may be obtained, without charge, from any of the joint bookrunners by contacting BMO Capital Markets by e-mail at torbramwarehouse@datagroup.ca, RBC Capital Markets by e-mail at Distribution.RBCDS@rbccm.com and Scotiabank by e-mail at equityprospectus@scotiabank.com, and by providing the contact with an e-mail address or address, as applicable. The shelf prospectus and prospectus supplement contain important, detailed information about PCC and the proposed offering of Series H shares. Prospective investors should read the shelf prospectus and prospectus supplement (when filed) before making an investment decision.

About Power Corp. of Canada

Power Corp. is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.

We seek Safe Harbor.