Mr. David Hung reports

SIENNA ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has approved Sienna Senior Living Inc.'s notice of intention to renew its normal course issuer bid (NCIB) for a portion of its common shares as appropriate opportunities arise from time to time. Sienna's NCIB will be made in accordance with the requirements of the TSX. The board of directors of Sienna believes that buying back a portion of its outstanding shares may from time to time be an appropriate use of available resources and in the best interests of Sienna and its shareholders.

Pursuant to the notice, Sienna intends to acquire up to a maximum of 3,648,358 of its shares, or approximately 5 per cent of its 72,967,166 issued and outstanding shares as of June 12, 2023, for cancellation over the next 12 months. Purchases under the NCIB will be made through the facilities of the TSX and/or alternative Canadian trading systems and in accordance with applicable regulatory requirements at a price per share equal to the market price at the time of acquisition. The number of shares that can be purchased pursuant to the NCIB is subject to a current daily maximum of 64,407 shares (which is equal to 25 per cent of 257,628, being the average daily trading volume during the last six months), subject to Sienna's ability to make one block purchase of shares per calendar week that exceeds such limits.

All shares purchased under the NCIB will be cancelled upon their purchase. Sienna intends to finance the purchases out of its available resources. Sienna may begin to purchase shares on June 20, 2023, and the NCIB will terminate on June 19, 2024, or such earlier time as Sienna completes its purchases pursuant to the NCIB or provides notice of termination.

No shares were purchased pursuant to Sienna's previous normal course issuer bid that commenced on June 20, 2022, and ended on June 19, 2023. Sienna was permitted to acquire up to 3,644,975 shares under its previous NCIB.

About Sienna Senior Living Inc.

Sienna Senior Living offers a full range of seniors' living options, including independent living, assisted living, long-term care, and specialized programs and services. Sienna's approximately 12,000 employees are passionate about cultivating happiness in daily life.

We seek Safe Harbor.