An anonymous director reports

RF CAPITAL PROVIDES UPDATE ON APPROVALS AND ANNOUNCES EXPECTED CLOSING DATE FOR SALE TO IA FINANCIAL CORPORATION INC.

RF Capital Group Inc. has received the required approvals and non-objections, as applicable, from the Canadian Investment Regulatory Organization, the Autorite des marches financiers and the Ontario Securities Commission for the previously announced plan of arrangement with iA Financial Corp. Inc. As a result of the receipt of CIRO and securities approvals, all conditions to closing of the arrangement have been satisfied (other than customary closing conditions that can only be satisfied at the time of closing). The company expects that the arrangement will be completed on or about Oct. 31, 2025.

Further details regarding the arrangement are set out in RF Capital's management information circular dated Aug. 21, 2025, and the news release of the company dated July 28, 2025, each of which is available under RF Capital's SEDAR+ profile.

About RF Capital Group Inc.

RF Capital is a Toronto Stock Exchange-listed wealth-management-focused company. Operating under the Richardson Wealth brand, the company is one of the largest independent wealth management firms in Canada with $43.6-billion in assets under administration (as of Sept. 30, 2025) and 23 offices across the country. The firm's adviser teams are focused exclusively on providing strategic wealth advice and innovative investment solutions customized for high-net-worth or ultrahigh-net-worth families and entrepreneurs. The company is committed to maintaining exceptional fiduciary standards and has earned certification -- determined annually -- from the Centre for Fiduciary Excellence for its separately managed and portfolio management account platforms. For the seventh year in a row, Richardson Wealth has been certified as a great place to work by Great Place to Work, a global authority on workplace culture.

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