SALTIRE CAPITAL LTD. ANNOUNCES PERSONNEL CHANGES

TORONTO, Nov. 18, 2025 /CNW/ - Saltire Capital Ltd. ("Saltire" or the "Company") (TSX: SLT, SLT.U, SLT.WT.U) today reported that, in connection with the Company's succession planning, Chief Financial Officer Hassan R. Baqar is moving into a new role with the Company, effective immediately, as Managing Director of Capital Markets. Mr. Baqar has served as the Chief Financial Officer of the Company since its inception and has been and continues to be a valuable member of Saltire's management team.

Effective upon Mr. Baqar's transition to his new role, the Company has appointed Imad Mushtaq (CPA, CA, BFP, FCA) as Chief Financial Officer. Mr. Mushtaq joined Saltire in 2025 as Chief Accounting Officer, and in that role has supported the Company's financial reporting and operational growth, including the integration of SanStone Investments Ltd. He brings extensive experience in public-company reporting, financial oversight and complex transaction support, along with an understanding of the Company's strategic priorities. Mr. Mushtaq is a Chartered Professional Accountant with CPA Ontario and a Fellow Chartered Accountant with the ICAEW and holds a Bachelor of Science in Accounting and Management from Aston University.

"We would like to thank Hassan for his contributions to the Company. He has been a key contributor to Saltire since we went public as FG Acquisition Corp., and we look forward to working with him and Imad in their new roles as Managing Director, Capital Markets, and Chief Financial Officer, respectively," said Larry Swets, Executive Chair of the Company.

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 it believes are under-valued businesses with the potential to significantly improve fundamental value over the long-term. These businesses will generally have high barriers to entry, predictable revenue streams and cash flows and defensive characteristics. Although Saltire primarily allocates capital to private companies, Saltire may, in certain circumstances if the opportunity arises, also pursue opportunities with orphaned or value challenged small and micro-cap public companies. Saltire provides investors with access to private and control-level investments typically reserved for larger players, while maintaining liquidity.

Forward Looking Information

This press release may contain forward-looking information and forward-looking statements within the meaning of applicable securities laws ("Forward-Looking Statements"). The Forward-Looking Statements contained in this press release relate to future events or Saltire's future plans, operations, strategy, performance or financial position, and are based on Saltire's current expectations, estimates, projections, beliefs and assumptions. Such Forward-Looking Statements have been made by Saltire in light of the information available to it at the time the statements were made and reflect its experience and perception of historical trends. All statements and information other than historical fact may be Forward-Looking Statements. Such Forward-Looking Statements are often, but not always, identified by the use of words such as "may", "would", "should", "could", "expect", "intend", "estimate", "anticipate", "plan", "foresee", "believe", "continue", "expect", "potential", "proposed" and other similar words and expressions.

Forward-Looking Statements are based on certain expectations and assumptions and are subject to known and unknown risks and uncertainties and other factors, many of which are beyond Saltire's control, that could cause actual events, results, performance and achievements to differ materially from those anticipated in these Forward-Looking Statements. Forward-Looking Statements are provided for the purpose of assisting the reader in understanding Saltire and its business, operations, prospects and risks at a point in time in the context of historical and possible future developments, and the reader is therefore cautioned that such information may not be appropriate for other purposes. Forward-Looking Statements should not be read as guarantees of future performance or results. Readers are cautioned not to place undue reliance on Forward-Looking Statements, which speak only as of the date of this press release. Unless otherwise noted or the context otherwise indicates, the Forward-Looking Statements contained herein are provided as of the date hereof, and Saltire disclaims any intention or obligation, except to the extent required by law, to update or revise any Forward-Looking Statements as a result of new information or future events, or for any other reason.

www.saltirecapitalltd.com 

SOURCE Saltire Capital Ltd.

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