Mr. Stephane Lemay reports

POWER CORPORATION ANNOUNCES ADDITIONAL INVESTMENT IN WEALTHSIMPLE

Power Corp. of Canada has agreed to subscribe, through its subsidiary Power Financial Corp., for Class F preferred shares in the capital of Wealthsimple Financial Corp. for an aggregate purchase price of $68-million, as part of a financing round of up to $425-million by Wealthsimple. The fundraising consists of a $300-million primary offering and a secondary offering of up to $125-million. IGM Financial Inc., a subsidiary of Power Corp., on Oct. 27, also announced its own participation of $96-million, bringing the Power group's total participation in the offering to $164-million. The transaction is led by GIC and also includes Iconiq, CPP Investments and Inovia.

Power Corp.'s direct equity interest (1) in Wealthsimple is valued at $2.0-billion based upon the value of the offering, an increase of 13 per cent compared with the second quarter of 2026, and $2.1-billion including the $68-million being invested as part of the offering. Following the offering, Power and its subsidiaries' ownership interest in Wealthsimple will remain substantially unchanged.

The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2026.

(1) Representing its interest held through Power Financial and Portag3 Ventures Limited Partnership.

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.