An anonymous director reports

PARTNERS VALUE INVESTMENTS INC. ANNOUNCES NORMAL COURSE ISSUER BIDS

Partners Value Investments Inc., an affiliate of Partners Value Investments LP, has received approval from the TSX Venture Exchange for normal course issuer bids to purchase: (i) up to 1,378,446 of its share purchase warrants, representing approximately 5 per cent of its currently outstanding warrants; and (ii) up to 3,531,056 of its Class A preferred shares, Series 1, representing approximately 5 per cent of its currently outstanding preferred shares. The bids will be effective from March 9, 2026, and in connection with the bids, the corporation will enter into an automatic purchase plan with its designated broker, RBC Dominion Securities Inc., on March 5, 2026. The automatic purchase plan will allow for the purchase of warrants and preferred shares when the corporation would not ordinarily be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Outside of these periods, warrants and preferred shares will be repurchased in accordance with management's discretion and in compliance with applicable law.

The warrant bid will terminate upon the expiry of the warrants on June 30, 2026, or such earlier date that the corporation completes its purchases. The preferred share bid will terminate on March 8, 2027, or such earlier date that the corporation completes its purchases.

Purchases by the corporation pursuant to the bids will be made by its broker through the facilities of the exchange, other designated exchanges and alternative trading systems in Canada. The price which the corporation will pay for any warrants or preferred shares purchased will be the market price of the warrants and preferred shares at the time of acquisition. Any warrants and/or preferred shares acquired through the bids will be cancelled. As of Feb. 13, 2026, there were 27,568,934 warrants and 70,621,137 preferred shares outstanding.

As of the expiration of the corporation's prior normal course issuers bids which commenced on Feb. 14, 2025, and expired on Feb. 13, 2026, the corporation repurchased: (i) 85,000 warrants at an average price of $29.32 and; (ii) 50,000 preferred shares at an average price of 76 cents.

The corporation believes that, from time to time, the market price of the warrants and preferred shares may not adequately reflect their value. In such circumstances, the corporation believes that the repurchase of its outstanding warrants and preferred shares may represent an appropriate and desirable use of its available funds.

We seek Safe Harbor.