Mr. Todd Hudson reports

AXIS ANNOUNCES RESULTS OF DIRECTOR ELECTION

The nominees listed in the management information circular dated Nov. 1, 2022, for the 2022 annual general and special meeting of shareholders have been elected as directors of Axis Auto Finance Inc. A total of 21,159,856 common shares were voted in person or by proxy, representing 17.33 per cent of the outstanding common shares. Shareholders approved all items of business presented at the meeting, including the election of directors (see an attached table).

About Axis Auto Finance Inc.

Axis is a financial technology lender changing the way Canadians buy and finance used vehicles. Through its direct-to-consumer portal, users can choose their next used vehicle, customize financing terms and get the car delivered -- from the comfort of their homes. In addition, the company continues to grow business-to-business non-prime auto loan originations by delivering innovative technology solutions and superior service to its dealer partners. For borrowers, an Axis auto loan is an effective stepping stone to credit recovery, with over 70 per cent seeing a significant score improvement in the first 12 months.