Mr. Andrew Clark reports

SALTIRE CAPITAL LTD. ANNOUNCES ACQUISITION OF INDIRECT STAKE IN ANTHEM GP LTD., A LEADING PLATFORM IN THE NORTH AMERICAN DEATHCARE SERVICES INDUSTRY

Saltire Capital Ltd. has acquired an indirect stake in Anthem GP Ltd. through the acquisition of a secured demand grid promissory note issued by The Fox Hat Equities Ltd. from Pioneer Garage Ltd. (PGL), which note is exchangeable for 975,000 Class A preferred shares in the capital of Anthem GP Ltd. As consideration for the note, Saltire issued 487,000 common shares of Saltire to PGL. All amounts expressed in United States dollars unless otherwise noted.

On settlement of the note for the Anthem shares, Saltire will own approximately 7.6 per cent of the issued and outstanding shares of Anthem.

"We are thrilled to announce the acquisition of shares in Anthem and we look forward to continuing to support this business going forward," said Larry G. Swets, executive chairman of Saltire. "Anthem's current size and footprint make it an attractive business from which to expand Saltire's presence in this highly attractive sector."

Fox Hat, the borrower under the note, is controlled by Andrew Clark and Robert Clark, directors of Saltire. The acquisition of the indirect stake in Anthem was approved by Saltire's investment committee and board of directors (other than Andrew Clark and Robert Clark, who declared an interest in the transaction and abstained from voting in respect thereof) and is exempt from the valuation and minority approval requirements under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions, as, among other factors, the transaction is supported by FGAC Investors LLC, a non-interested control person of Saltire.

About Anthem GP Ltd.

Anthem is a privately owned, leading operator of cemeteries, crematories and funeral homes in North America. Founded in 2021, Anthem has grown to over 80 locations in seven states and three Canadian provinces. Headquartered in Frisco, Tex. Anthem is led by a strong and experienced operating team with decades of industry experience.

About Saltire Capital Ltd.

Saltire is a long-term capital partner that allocates capital to equity, debt and/or hybrid securities of high-quality private companies. Investments made by Saltire consist of meaningful and influential stakes in carefully selected private companies that the manager believes are undervalued businesses with high barriers to entry, predictable revenue streams and cash flows, and defensive characteristics, with a view to significantly improve the fundamental value over the long term. Although Saltire primarily allocate capital to private companies, Saltire may, in certain circumstances if the opportunity arises, also pursue opportunities with orphaned or value challenged small and microcap public companies. Saltire provides investors with access to private and control-level investments typically reserved for larger players, while maintaining liquidity.

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