Mr. Andrew Tamlin reports

TWC ANNOUNCES DIVESTITURE

On Sept. 20, 2023, TWC Enterprises Ltd. completed the divestiture of its investment in the Geranium real estate management company, along with other non-Highland Gate joint ventures in which it was a co-investor with the Geranium Group. These assets were purchased by TWC's co-investors with Geranium. Total proceeds for the transaction were $12.5-million, including deferred proceeds of $5.3-million.

About TWC Enterprises Ltd.

TWC is engaged in golf club operations under the trademark "ClubLink One Membership More Golf." TWC is Canada's largest owner, operator and manager of golf clubs with 45 one-half 18-hole equivalent championship and 2.5 18-hole equivalent academy courses (including two managed properties) at 35 locations in Ontario, Quebec and Florida.