Mr. Laurence Boucicault reports

TC TRANSCONTINENTAL SHAREHOLDERS APPROVE SALE OF PACKAGING BUSINESS

Transcontinental Inc.'s shareholders approved the sale of the TC Transcontinental packaging business to ProAmpac Holdings Inc. at the special meeting of shareholders, held earlier today. This approval follows the execution of the stock purchase agreement between TC Transcontinental and ProAmpac on Dec. 7, 2025, and announced on Dec. 8, 2025, pursuant to which ProAmpac agreed to purchase, directly or indirectly, all of the issued and outstanding shares of the share capital of each of the entities which carry on the business of TC Transcontinental's packaging sector.

The transaction was approved by 99.98 per cent of the votes cast, exceeding the legal requirement of 66-2/3rd per cent of the votes cast by both holders of Class A subordinate voting shares and Class B shares, voting together. Closing of the transaction remains subject to regulatory approvals and other customary conditions, and is expected to close in the first quarter of calendar year 2026.

About TC Transcontinental Inc.

TC Transcontinental is a North American leader in flexible packaging, a Canadian retail marketing services provider, Canada's largest printer and the Canadian leader in French-language educational publishing. Founded in 1976, TC Transcontinental's mission has been to create quality products and services that allow businesses to attract, reach and retain their target customers.

Respect, teamwork, performance and innovation are the strong values held by the corporation and its employees. TC Transcontinental's commitment to its stakeholders is to pursue its business activities in a responsible manner.

Transcontinental, known as TC Transcontinental, has approximately 7,600 employees, the majority of whom are based in Canada, the United States and Latin America. TC Transcontinental generated revenues of $2.7-billion during the fiscal year ended Oct. 26, 2025.

We seek Safe Harbor.