Mr. Todd Hudson reports

AXIS REPORTS RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING

Axis Auto Finance Inc. has released the voting results from its annual general and special meeting of shareholders held earlier today.

All the matters put forward before shareholders for consideration and approval as set out in the company's management information circular dated Oct. 30, 2024, were approved by the requisite majority of votes cast at the meeting. In particular, shareholders approved the election of all director nominees, reapproved Ernest & Young LLP as the company's auditor, approved the previously disclosed transaction with Fionic, and authorized the board to ultimately proceed with the dissolution of the company. The board of directors of the company comprises those named in the attached table.

Fifty-two million two hundred sixteen thousand six hundred seventy-three common shares were represented by shareholders in person or by proxy at the meeting, representing approximately 43 per cent of the total issued and outstanding shares at the record date for the meeting. Full details of the voting results will be posted under the company's profile on SEDAR+.

About Axis Auto Finance Inc.

Axis is a fintech (financial technology) lender providing alternative used vehicle financing options to non-prime borrowers. Axis loans are offered through automotive dealers to approximately 30 per cent of Canadians (source: Equifax) that have credit scores in the non-prime range. All Axis auto loans report to the credit bureau, resulting in over 70 per cent of customers seeing a significant improvement of their credit scores.

We seek Safe Harbor.