Mr. Devon Ghelani 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 21, 2023. A total of 14,433,994 shares were represented in person or by proxy at the meeting, constituting approximately 42.051 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 were as shown in the attached table.

Nominee         Votes for   Votes withheld
                        %                %
       
Michael Stein      99.399            0.601     
Clive Kinross      99.998            0.002     
Peter Monaco       99.963            0.037     
Poonam Puri        95.391            4.609     
Geoff Greenwade    98.744            1.256     
Karen Martin       98.749            1.251     
Peter Anderson     99.343            0.657

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 financial technology company, committed to credit inclusion by facilitating fair, fast and transparent access to credit through its proprietary, industry-leading on-line lending platform. Understanding the challenge faced by millions of people without adequate access to credit, Propel, through its operating brands, is dedicated to bringing best-in-class credit solutions to consumers in Canada and the United States. For more than a decade, Propel has leveraged its expertise in consumer lending, its robust capabilities in artificial intelligence and underwriting, and its steadfast dedication to a superior customer experience to facilitate over one million loans and lines of credit to consumers in need.