Mr. Azim Lalani reports

AUTOCANADA ANNOUNCES ELECTION OF DIRECTORS AND VOTING RESULTS

All resolutions were passed at AutoCanada Inc.'s annual general meeting, held on May 2, 2024. A total of 14,207,935 common shares (representing 60.17 per cent of the issued and outstanding common shares of the company) were represented virtually or by proxy at the meeting. Each of the nominees listed in the management information circular dated March 18, 2024, was duly elected as a director of the company for the ensuing year.

About AutoCanada Inc.

AutoCanada is a leading North American multilocation automobile dealership group currently operating 84 franchised dealerships, composed of 28 brands, in eight provinces in Canada, as well as a group in Illinois, United States. AutoCanada currently sells Acura, Alfa Romeo, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Fiat, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Lincoln, Mazda, Mercedes-Benz, Mini, Nissan, Porsche, Ram, Subaru, Toyota, Volkswagen and Volvo branded vehicles. In addition, AutoCanada's Canadian operations segment currently operates three used vehicle dealerships and one used vehicle auction business supporting the used digital retail division, 13 RightRide division locations and 11 stand-alone collision centres within its group of 27 collision centres. In 2023, the company generated revenue in excess of $6-billion, and its dealerships sold over 100,000 retail vehicles.