An anonymous director reports

RF CAPITAL PROVIDES UPDATE ON APPROVALS FOR SALE TO IA FINANCIAL CORPORATION INC.

RF Capital Group Inc. has received the final order from the Ontario Superior Court of Justice (Commercial List) approving the previously announced plan of arrangement pursuant to which iA Financial Corp. Inc. will acquire, directly or indirectly, (i) all of the issued and outstanding common shares of the company for cash consideration of $20.00 per common share; and (ii) all of the issued and outstanding cumulative five-year rate reset preferred shares, Series B, of the company for cash consideration of $25.00 per Series B preferred share (in addition to (a) a cash amount per Series B preferred share equal to all accrued and unpaid dividends as of the effective date of the arrangement; and, (b) to the extent that the effective date occurs prior to March 31, 2026, a cash amount per Series B preferred share equal to the dividends that would have been payable in respect of a Series B preferred share from (and including) the effective date to (and excluding) March 31, 2026, as if the Series B preferred shares had remained outstanding during this period), as more fully described in the company's management information circular dated Aug. 21, 2025. As previously announced, the company's holders of common shares and Series B preferred shares voted in favour of the arrangement.

The company has also received clearance from the Competition Bureau, in the form of a no-action letter, with respect to the arrangement. The company expects the arrangement to be completed during the fourth quarter of 2025, subject to receipt of certain other regulatory approvals and the satisfaction or waiver of the other customary closing conditions.

Further details regarding the arrangement, including with respect to the applicable regulatory approvals, are set out in the circular and the news release of the company dated July 28, 2025, each of which are available under RF Capital's SEDAR+ profile.

About RF Capital Group Inc.

RF Capital Group is a Toronto Stock Exchange-listed (TSX: RCG) wealth management-focused company. Operating under the Richardson Wealth brand, the company is one of the largest independent wealth management firms in Canada with $42.0-billion in assets under administration (as of Aug. 31, 2025) and 23 offices across the country. The firm's adviser teams are focused exclusively on providing strategic wealth advice and innovative investment solutions customized for high-net-worth or ultrahigh-net-worth families and entrepreneurs. The company is committed to maintaining exceptional fiduciary standards and has earned certification -- determined annually -- from the Centre for Fiduciary Excellence for its Separately Managed and Portfolio Management Account platforms. For the seventh year in a row, Richardson Wealth has been certified as a "great place to work" by Great Place to Work, a global authority on workplace culture.

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