Mr. Steve Jones reports

STINGRAY TO ACQUIRE CHUP-FM IN CALGARY, AB

Stingray Group Inc.'s wholly owned subsidiary, Stingray Radio, has entered into an agreement to acquire the assets of CHUP-FM (branded as C97.7) in Calgary, Alta., from Rawlco Radio, subject to approval from the Canadian Radio-television and Telecommunications Commission.

"We are excited to expand our presence in the vibrant Calgary market," commented Steve Jones, president of Stingray Radio. "C97.7 has built a strong connection with listeners and the community, and we are committed to continuing the fantastic legacy that the Rawlco Radio team started. This acquisition is a natural complement to our existing Calgary stations, strengthening our portfolio of high-quality radio stations and reinforcing our commitment to providing the best in local radio to audiences and businesses across Canada."

Stingray Radio owns and operates 33 radio licences in Alberta, including CKMP-FM (90.3 AMP Radio) and CFXL-FM (XL 103) in Calgary, and 96 radio stations across Canada.

The transaction is subject to CRTC approval, which is anticipated in the second quarter of fiscal 2027. Financial terms have not been disclosed.

About Stingray Group Inc.

Stingray, a global music, media and technology company, is an industry leader in TV broadcasting, streaming, radio, business services and advertising. Stingray provides an array of music, digital and advertising services to enterprise brands worldwide, including audio and video channels, 96 radio stations, subscription video-on-demand content, FAST channels, karaoke products and music apps, and in-car and on-board infotainment content. Stingray Business, a division of Stingray, provides commercial solutions in music, in-store advertising solutions, digital signage, and artificial-intelligence-driven consumer insights and feedback. Stingray Advertising is North America's largest retail audio advertising network, delivering digital audio messaging to more than 33,500 major retail locations. Stingray has close to 1,000 employees worldwide and reaches 540 million consumers in 160 countries.

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