Mr. Robert Sewell reports

LORNE PARK CAPITAL PARTNERS RECEIVES NON-OBJECTION FROM THE ONTARIO SECURITIES COMMISSION ON GOING PRIVATE TRANSACTION AND ANNOUNCES BELLWETHER INVESTMENT MANAGEMENT INC. SETTLEMENT WITH ONTARIO SECURITIES COMMISSION

The Ontario Securities Commission has granted its non-objection to the previously announced plan of arrangement of Lorne Park Capital Partners Inc. involving an affiliate of Sagard Private Equity Canada LP. The arrangement is anticipated to close as soon as reasonably practicable and around mid-October, 2025, subject to the satisfaction of all closing conditions. Under the arrangement, the purchaser will acquire all of the issued and outstanding shares of the company for cash consideration of $2.23 per share in cash, other than certain shares held by certain shareholders who entered into equity rollover agreements with the purchaser. The consideration implies an equity value for the company of approximately $126.8-million.

Full details of the arrangement and certain other matters are set out in the management information circular of Lorne Park dated July 14, 2025, and letter of transmittal. A copy of the information circular and other meeting materials can be found on the company's website or under the company's profile on SEDAR+. Registered shareholders who have not already done so must complete and sign the letter of transmittal and return it, together with the certificate(s)/direct registration system advice(s) representing their shares and any other required documents and instruments, in accordance with the procedures set out in the letter of transmittal to receive the consideration for their shares.

Lorne Park also announced that its subsidiary, Bellwether Investment Management Inc., and certain individuals employed by Bellwether have reached a final settlement agreement with the Ontario Securities Commission that resolves the OSC's review regarding certain past deficiencies in Bellwether's know your client process and obligations related to specified trading activities.

"We are pleased to have resolved these matters and look forward to moving ahead with the support of Sagard," said Robert Sewell, chief executive officer of Lorne Park. "Important steps have been taken over the last few years to enhance the compliance system, and we are committed to continuing this progress. In connection with the settlement, we are pleased to announce the appointment of Carlo Pannella as the new ultimate designated person and chief executive officer and Alan Fustey as the new interim chief compliance officer of Bellwether."

The settlement agreement is available on the OSC's website.

About Lorne Park Capital Partners Inc.

Lorne Park was created to bring together boutique investment management and wealth advisory firms to deliver robust, cost-effective investment solutions to affluent investors, foundations, estates and trusts. Lorne Park's unique strategy creates better alignment between investment managers and wealth advisers while providing them with additional resources to accelerate their growth.

About Bellwether Investment Management Inc.

Bellwether is a boutique investment manager that offers tailored investment solutions for affluent investors, foundations, estates and trusts utilizing its proprietary disciplined dividend growth investment process. Bellwether provides discretionary investment management focused on global dividend growth investing and is dedicated to serving the distinct needs of affluent families. Bellwether's suite of investment solutions includes global equity and fixed-income strategies, as well as alternative strategies focused on private credit and global real estate and infrastructure. Bellwether is registered as a portfolio manager in Alberta, British Columbia, Manitoba, Nova Scotia, Ontario, Quebec and Saskatchewan, an exempt market dealer in Alberta, Ontario and Quebec, and an investment fund manager in Ontario and Quebec.

We seek Safe Harbor.