An anonymous director reports

SABIO ANNOUNCES NORMAL COURSE ISSUER BID

The TSX Venture Exchange has accepted a notice filed by the company of its intention to make a normal course issuer bid to be transacted through the facilities of the exchange.

The board of directors of the company believes that the recent market prices of the company's common shares do not properly reflect the underlying value of such shares. As a result, depending upon future price movements and other factors, the board believes that the purchase of the shares would be a desirable use of corporate funds in the best interests of the company and its shareholders. Furthermore, the purchases are expected to benefit all persons who continue to hold shares by increasing their equity interest in the company if the repurchased shares are cancelled.

The notice provides that the company may, during the 12-month period commencing May 24, 2025, and ending May 23, 2026, purchase up to 883,550 shares in total, being 5 per cent of the total number of 17,671,006 shares outstanding as at April 30, 2025. The company also has 32,927,112 issued and outstanding convertible restricted voting shares.

The price which the company will pay for any such shares will be the prevailing market price at the time of acquisition. The actual number of shares which may be purchased pursuant to the bid and the timing of any such purchases will be determined by management of the company. Purchases under the bid will be made from time to time by Beacon Securities Ltd. on behalf of the company.

All share purchases will be made on the open market through the facilities of the exchange and will be purchased for cancellation. The funding for any purchase pursuant to the bid will be financed out of the working capital of the company. To the knowledge of the company, no director, senior officer or other insider of the company or any of their associates currently intends to sell any common shares under this bid, however sales by such persons through the facilities of the exchange or any other available market or alternative trading system may occur if the personal circumstances of any such persons changes or if any such persons make a decision unrelated to these normal course purchases. The benefits to any such person whose shares are purchased would be the same as the benefits available to all other holders whose shares are purchased.

Under the terms of the previous normal course issuer bid, the company had approval from the exchange to acquire up to 852,184 shares in the period between April 2, 2024, and April 1, 2025. A total of 39,500 shares were purchased under the previous normal course issuer bid, all of which were purchased and cancelled in fiscal year 2024. The company also had a normal course issuer bid in place between March 22, 2023, and March 21, 2024, however there were no shares purchased under that program.

About Sabio Holdings Inc.

Sabio Holdings is a technology and services leader in the fast-growing ad-supported streaming space. Its cloud-based, end-to-end technology stack works with top blue chip, global brands and the agencies that represent them to reach, engage and validate (REV) streaming audiences. Sabio consists of a proprietary ad-serving technology platform that partners with the top ad-supported streaming platforms and apps in the world and App Science, a non-cookie-based software-as-a-service (SAAS) analytics and insights platform with AI (artificial intelligence) natural language capabilities.

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