Mr. Nitin Jain reports

SIENNA CONTINUES PLATFORM GROWTH IN ONTARIO AND BRITISH COLUMBIA

Sienna Senior Living Inc. has entered into a purchase agreement to acquire a retirement residence in the Greater Toronto Area (GTA) and completed the acquisitions of partial interests in two of the company's majority-owned properties for a total investment of $79-million.

On Feb. 13, 2026, Sienna entered into a purchase agreement to acquire The Bartlett, a 129-suite independent living retirement residence in Oshawa, Ont., located within the GTA. The gross purchase price for the property is approximately $59.4-million, or $461,000 per suite, with an initial investment yield of approximately 5.75 per cent. Built in 2021, the property is approximately 97 per cent occupied and features highly attractive amenities as well as an 8,000-square-foot medical clinic.

The acquisition, which will be financed through available cash on hand, is subject to transaction approvals and customary closing conditions and is expected to close within 60 days.

In addition, Sienna closed the following acquisitions to date in 2026:

• A 22.8-per-cent interest in Glenmore Lodge, a 118-bed LTC (long-term care) community located in Kelowna, B.C., for a gross purchase price of approximately $10.1-million with an investment yield of approximately 6.65 per cent: The acquisition was financed with approximately $5.8-million of cash on hand as well as the assumption of an existing property-level mortgage. The transaction was completed on Jan. 31, 2026, and increased the company's interest in Glenmore Lodge to 100 per cent.
• A 10.9-per-cent interest in LaSalle Park, a 123-suite retirement residence located in Burlington, Ont., for a gross purchase price of approximately $9.4-million: The acquisition was financed with approximately $5.7-million of cash on hand as well as the assumption of an existing property-level mortgage. The transaction was completed on Feb. 1, 2026, and increased the company's interest in LaSalle Park to 89.1 per cent. Sienna expects to acquire the final 10.9-per-cent interest in approximately five years.

"We are off to a good start in 2026, carrying our significant growth momentum forward into the new year," said Nitin Jain, president and chief executive officer. "With these acquisitions, we will add scale in markets we know well and continue to strengthen the quality of our portfolio."

About Sienna Senior Living Inc.

Sienna Senior Living offers a full range of senior living options, including independent living, assisted living and memory care under its Aspira retirement brand, long-term care, and specialized programs and services. Sienna's approximately 15,000 employees are passionate about cultivating happiness in daily life.

We seek Safe Harbor.