Mr. Clive Kinross reports

PROPEL ANNOUNCES DIVIDEND INCREASE

Propel Holdings Inc.'s board of directors has approved an increase to its dividend from 42 cents to 48 cents per common share on an annualized basis, effective this quarter. This dividend represents an increase of 14 per cent and the company's third dividend increase since its initial public offering in 2021. The board has also declared a dividend of 12 cents per common share, payable on March 5, 2024, to shareholders of record as of the close of business on Feb. 13, 2024.

"Based on our strong credit performance, confidence in our profitable growth prospects as well as our solid financial position, we have made the decision to increase our dividend," said Clive Kinross, chief executive officer.

Propel has designated this dividend as an eligible dividend within the meaning of the Income Tax Act (Canada).

About Propel Holdings Inc.

Propel Holdings is the financial technology company building a new world of financial opportunity for consumers, partners and investors. Propel's operating brands -- Fora Credit, CreditFresh and MoneyKey -- and its lending-as-a-service product line facilitate access to credit for consumers underserved by traditional financial institutions. Through its groundbreaking AI-driven (artificial intelligence) platform, Propel evaluates customers in a more-comprehensive way than traditional credit scores can. The result is better products and an expanded credit market for consumers while creating sustainable, profitable growth for Propel. The company's revolutionary financial technology platform has already helped consumers access over one million loans and lines of credit as well as over $1-billion in credit. Propel is here to change the way customers, partners and investors succeed together.

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