Exchange Income Corporation Announces Renewal of Normal Course Issuer Bid for Common Shares

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WINNIPEG, Manitoba — Exchange Income Corporation (“EIC” or the “Corporation”) (TSX: EIF) today announced that the Toronto Stock Exchange (“TSX”) has approved the renewal of EIC’s normal course issuer bid (the “NCIB”) for the common shares of EIC trading as the symbol “EIF” (“Common Shares”). Pursuant to the NCIB, EIC can purchase up to 5,311,716 Common Shares, representing 10% of the public float of the Common Shares as at March 23, 2026.

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Purchases of Common Shares pursuant the NCIB may be made through the facilities of the TSX commencing on April 1, 2026 and ending on March 31, 2027, or an earlier date in the event that EIC purchases the maximum number of Common Shares available under the NCIB. EIC will pay the market price at the time of acquisition for any Common Shares purchased through the facilities of the TSX. All Common Shares acquired directly by EIC under the NCIB will be cancelled.

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As at March 23, 2026, there were 56,326,169 Common Shares issued and outstanding.

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The average daily trading volume of the Common Shares for the six month period ended February 28, 2026 was 148,581 Common Shares.

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Daily purchases will be limited to 37,145 Common Shares, other than block purchase exceptions.

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Pursuant to a previous notice of intention to conduct a normal course issuer bid, under which the Corporation sought and received approval from the TSX to purchase up to 4,811,929 Common Shares, $14,373,200 principal amount of 7 year 5.25% convertible unsecured subordinated debentures of EIC formerly trading under the symbol “EIF.DB.L” and $11,500,000 principal amount of 7 year 5.25% convertible unsecured subordinated debentures of EIC formerly trading as the symbol “EIF.DB.M”, the Corporation did not purchase any securities.

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EIC sought approval of the NCIB because it believes that, from time to time, the market price of the Common Shares may not fully reflect the value of the Common Shares. EIC believes that, in such circumstances, the purchase of the Common Shares represents an accretive use of capital.

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About Exchange Income Corporation

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Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: Aerospace & Aviation and Manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth. For more information on the Corporation, please visit www.ExchangeIncomeCorp.ca. Additional information relating to the Corporation, including all public filings, is available on SEDAR+ ( www.sedarplus.ca).

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Caution concerning forward-looking statements

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The statements contained in this news release that are forward-looking are based on current expectations and are subject to a number of uncertainties and risks, and actual results may differ materially. Many of these forward-looking statements may be identified by looking for words such as “believes”, “expects”, “will”, “may”, “intends”, “projects”, “anticipates”, “plans”, “estimates”, “continues” and similar words or the negative thereof. These uncertainties and risks include, but are not limited to, external risks, operational risks, financial risks and human capital risks. External risks include, but are not limited to, risks associated with economic and geopolitical conditions, competition, government funding for Indigenous health care, access to capital, market trends and innovation, general uninsured loss, climate, acts of terrorism, armed conflict, labour and/or social unrest, pandemic, level and timing of government spending, government-funded programs and environmental, social and governance. Operational risks include, but are not limited to, significant contracts and customers, operational performance and growth, laws, regulations and standards, acquisitions (including receiving any requisite regulatory approvals thereof), concentration and diversification, maintenance costs, access to parts and relationships with key suppliers, casualty losses, environmental liability, dependence on information systems and technology, cybersecurity, international operations, fluctuations in sales prices of aviation related assets, fluctuations in purchase prices of aviation related assets, warranty, performance guarantees, global offset and intellectual property risks. Financial risks include, but are not limited to, availability of future financing, income tax matters, commodity risk, foreign exchange, interest rates, credit facilities, trust indenture, dividends, unpredictability and volatility of securities pricing, dilution, credit and credit rating risk. Human capital risks include, but are not limited to, reliance on key personnel, employees and labour relations and conflicts of interest.

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Except as required by Canadian securities laws, Exchange Income Corporation does not undertake to update any forward-looking statements; such statements speak only as of the date made. Further information about these and other risks and uncertainties can be found in the disclosure documents filed by Exchange Income Corporation with the securities regulatory authorities, available at www.sedarplus.ca

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