Ms. Sarika Ahluwalia reports

PROPEL REPORTS ON VOTING RESULTS FROM ANNUAL GENERAL MEETING OF SHAREHOLDERS

Propel Holdings Inc. has released the voting results from its annual general meeting of the shareholders held on June 23, 2022. A total of 25,217,961 shares were represented in person or by proxy at the meeting, constituting approximately 73.47 per cent of the company's total issued and outstanding common shares as of the record date.

Each of the matters put forward before shareholders for consideration and approval at the meeting, as described in the management information circular, was duly approved by the requisite number of votes.

The voting results in relation to the election of directors are provided in an attached table.

The company has filed a report of voting results on all resolutions voted on at the meeting under its profile on SEDAR.

About Propel Holdings Inc.

Propel is an innovative, on-line financial technology company, committed to credit inclusion by providing and facilitating fair, fast and transparent access to credit with exceptional service using its proprietary on-line lending platform. Through its operating brands, MoneyKey and CreditFresh, Propel is focused on providing access to credit to underserved consumers who struggle to access credit from mainstream credit providers. Propel's revenue growth and profitability have accelerated significantly over the past two years, as Propel has been able to facilitate access to credit for an increasing number of consumers, helping them move forward in their credit journeys.