Ms. Samantha Reburn reports

CHAIR OF SANGOMA TECHNOLOGIES CORPORATION REPORTS UPDATED OWNERSHIP POSITION

This press release is being disseminated as required by National Instrument 62-103 -- The Early Warning System and Related Take Over Bids and Insider Reporting Issuers in connection with the filing of an early warning report by Noman A. Worthington III in respect of his ownership position in Sangoma Technologies Corp.

On Nov. 3, 2023, Old Town Gelato LLC (OTG), an entity controlled by Mr. Worthington, filed a Form 45-102F1 under the corporation's SEDAR+ profile, in which OTG disclosed its intention to sell up to 785,940 common shares of the corporation. OTG indicated that it was proposing to sell the shares in order to reduce the capital gains tax payable by it in connection with its receipt of a portion of the 9,142,856 shares that were distributed by the corporation on May 9, 2023, to the former owners of StarBlue Inc., in satisfaction of the corporation's remaining purchase price obligations under the terms of the stock purchase agreement dated Jan. 28, 2021, between, inter alia, the corporation, StarBlue and Star2Star Holdings LLC.

On Nov. 22, 2023, OTG sold 785,940 shares over the facilities of the Toronto Stock Exchange at an average price of $3.5006 per share. The shares sold by OTG represented approximately 2.4 per cent of the shares outstanding as of the date thereof.

As of the date hereof, Mr. Worthington has, directly or indirectly through OTG and S2S, beneficial ownership or control over 6,400,662 shares (consisting of 6,306,977 shares held by OTG and 93,686 shares held by S2S), representing approximately 19.3 per cent of the shares outstanding as of the date hereof.

A copy of the early warning report filed by Mr. Worthington in connection with the transactions described above is available on the corporation's SEDAR+ profile.

The head office of the corporation is located at Suite 100, 100 Renfrew Dr., Markham, Ont., L3R 9R6, and Mr. Worthington's address is c/o Sangoma Technologies Corp., Suite 100, 100 Renfrew Dr., Markham, Ont., L3R 9R6.

To obtain a copy of the early warning report filed under National Instrument 62-103, please contact Samantha Reburn, general counsel of the corporation, at 1-905-474-1990 extension 4134.