Mr. Todd Hudson reports

AXIS ANNOUNCES RESULTS OF DIRECTOR ELECTION

In accordance with the policies of the Toronto Stock Exchange, the nominees listed in the management information circular dated Nov. 10, 2023, for Axis Auto Finance Inc.'s 2023 annual general meeting of shareholders were elected as directors of the company. A total of 9,485,639 common shares were voted in person or by proxy, representing 7.81 per cent of the outstanding common shares. Shareholders approval all items of business presented at the meeting, including the election of directors as shown in the attached table.

About Axis Auto Finance Inc.

Axis is a financial technology company changing the way Canadians buy and finance used vehicles. Through its direct-to-consumer portal, DriveAxis.ca, customers can choose their next used vehicle, arrange financing and get the car delivered to their home. In addition, the company continues to grow B2B (business-to-business) non-prime auto loan originations by delivering innovative technology solutions and superior service to its dealer partner network. All Axis auto loans report to Equifax, resulting in over 70 per cent of customers seeing a significant improvement of their credit scores.