Mr. Eric Fazilleau reports

REALIA PROPERTIES INC. ANNOUNCES CLOSING OF REAL ESTATE ASSET SALE

Realia Properties Inc. has completed the sale of its remaining real estate assets, previously announced on Feb. 6, 2026, and May 27, 2026.

Real estate asset sale

The company has sold its remaining 25.01-per-cent beneficial interests in the Metro Gateway Center and Martin Downs Town Center. The aggregate total purchase price for all of Metro Gateway Center and Martin Downs Town Center was $26-million (U.S.), of which the company will receive 25.01 per cent ($6.5-million (U.S.)). The sale was to an arm's-length buyer and was previously approved by the company's shareholders at the company's annual general and special meeting on April 28, 2026.

With this sale now completed, the company will have no active operations. While the company intends to use the sale proceeds to identify and, if thought desirable, to acquire new real estate assets, there is no assurance or guarantee that the company will do so. At present, the company has not identified any real estate assets for potential acquisition.

Corporate updates

The company anticipates that the previously announced sale of the 8.25 per cent secured bond will complete the week of June 1, 2026. The bond was issued by Primos Alternative Investments and secured by an interest in development proceeds owing to it by T-Westbrook Center LLC with respect to a commercial retail centre located in Connecticut. See the company's previous news release dated April 8, 2026, for further information.

On May 12, 2026, the company received a revocation order with respect to the previous cease trade order issued by the British Columbia Securities Commission and Ontario Securities Commission in May, 2023. The company continues to work with the TSX Venture Exchange with respect to a reinstatement review with the hopes of resuming the trade of its common shares.

Further, the company also continues to work with the TSX-V to satisfy any filing requirements with respect to the company's original disposition of a 74.99-per-cent interest in the Metro Gateway Center, the Martin Downs Town Centre and the 116 Street commercial retail property located in Indianapolis, Ind., which completed on Feb. 23, 2023, to an arm's-length purchaser for a combined purchase price of $11.8-million (U.S.) (per asset: $4,108,000 for Metro Gateway, $3,788,000 for Martin Downs and $3,904,000 for 116 Street), per its news release of May 19, 2023. (The entirety of 116 Street was subsequently sold on April 23, 2025, to a different arm's-length buyer for $12.05-million, of which the company received $3,103,000).

We seek Safe Harbor.