Ms. Catherine Kee reports

TMX GROUP LIMITED COMPLETES ACQUISITION OF RAFI INDICES FROM RESEARCH AFFILIATES

TMX Group Ltd. has completed the acquisition of Rafi Indices LLC from Research Affiliates Global Holdings LLC, a global index provider and investment adviser. The transaction was announced in June, 2026.

The acquisition will significantly expand equity portfolio coverage of TMX VettaFi, a differentiated index provider with modern distribution solutions and TMX Group subsidiary.

Rafi Indices is an index company founded by Research Affiliates. It specializes in constructing, publishing and licensing indices that reflect a deep, academically rigorous understanding of the fundamental factors driving capital market returns. The company is renowned for its innovative approach, offering over 90 indices that cater to a diverse range of investment needs worldwide.

About TMX Group Ltd.

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the financing, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, the Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corp., TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montreal, Calgary, Vancouver and New York), as well as in key international markets, including London, Singapore and Vienna.