Ms. Annick Guerard reports

TRANSAT ANNOUNCES THE DEPARTURE OF ITS CHIEF FINANCIAL OFFICER

Patrick Bui, Transat A.T. Inc.'s chief financial officer, intends to step down from his position on Dec. 15, 2023, to pursue another career opportunity. He will remain in his role to ensure a smooth transition, including through the announcement of the company's results for the fiscal year ending Oct. 31, 2023.

"On behalf of the board of directors and the senior management team, I would like to thank Patrick for his dedication which contributed to Transat's significant financial performance improvement, as we recently reported record profitability for a third quarter and raised our adjusted EBITDA [earnings before interest, taxes, depreciation and amortization] margin target in the last two quarters. We wish him every success in his future endeavours," said Annick Guerard, president and chief executive officer of Transat.

"I am proud to have served Transat as CFO and to have supported its teams in the execution of its strategic plan, enabling the company to solidify its financial foundation and emerge from the pandemic as a far more resilient business," said Mr. Bui.

The corporation has commenced a formal search process for a new chief financial officer.

About Transat A.T. Inc.

Founded in Montreal 35 years ago, Transat has achieved worldwide recognition as a provider of leisure travel, operating as an air carrier under the Air Transat brand. Voted world's best leisure airline by passengers at the 2023 Skytrax World Airline Awards, it flies to international destinations. By renewing its fleet with the most energy-efficient aircraft in their category, it is committed to a healthier environment, knowing that this is essential to its operations and the destinations it serves. Transat has been Travelife-certified since 2018.