An anonymous director reports

CANADIAN LIFE COMPANIES SPLIT CORP. ANNOUNCES TSX ACCEPTANCE OF NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted Canadian Life Companies Split Corp.'s notice of intention to make a normal course issuer bid (NCIB) to purchase its 2012 preferred shares and Class A shares through the facilities of the TSX and/or alternative Canadian trading systems. The NCIB will commence on June 3, 2026, and terminate on June 2, 2027.

Pursuant to the NCIB, the company proposes to purchase, from time to time, if it is considered advisable, up to 2,214,579 preferred shares and 2,109,893 Class A shares of the company, representing 10 per cent of the public float of 22,145,789 preferred shares and 21,098,930 Class A shares. As of May 20, 2026, there were 22,227,789 preferred shares and 21,636,889 Class A shares issued and outstanding. The company will not purchase, in any given 30-day period, in the aggregate, more than 444,556 preferred shares or more than 432,737 Class A shares, being 2 per cent of the issued and outstanding preferred shares and Class A shares as of May 20, 2026. Under the previous normal course issuer bid that commenced on June 2, 2025, and will terminate on June 1, 2026, no preferred shares or Class A shares were purchased.

The board of directors of the company, on the advice of Quadravest Capital Management Inc., the company's investment manager, believes that such purchases are in the best interests of the company and are a desirable use of its funds. All purchases will be made through the facilities and in accordance with the rules and policies of the TSX. All preferred shares or Class A shares purchased by the company pursuant to the NCIB will be cancelled.

The company invests in a portfolio of four publicly traded Canadian life insurance companies as follows: Great-West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corp. and Sun Life Financial Inc.

We seek Safe Harbor.