Mr. Samuel Cochrane reports

AUTOCANADA ANNOUNCES CREDIT FACILITY CHANGE

AutoCanada Inc.'s lenders under the company's syndicated credit facility have agreed to increase to the company's maximum permitted total net funded debt to EBITDA (earnings before interest, taxes, depreciation and amortization) ratio from 5.50:1.00 to 6.00:1.00 for the period from April 1, 2025, to June 30, 2025. On July 1, 2025, the company's maximum permitted total net funded debt to EBITDA ratio will decrease to 4.50:1.00.

This is a precautionary measure taken by the company and the lenders given the continuing tariff environment and the unknown impact it may have on the financial results of the company.

About AutoCanada Inc.

AutoCanada's Canadian Operations segment currently operates 64 franchised dealerships in Canada, comprising 25 brands, in eight provinces. AutoCanada currently sells Acura, Alfa Romeo, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, FIAT, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru and Volkswagen-branded vehicles. In addition, AutoCanada's Canadian operations segment currently operates four used digital division dealerships and 12 stand-alone collision centres within the company's group of 29 collision centres. In 2024, the company's Canadian dealerships sold approximately 85,000 new and used retail vehicles. In addition, AutoCanada's collision centres offer an opportunity for the company to retain customers at every touch point within the automotive ecosystem.

AutoCanada's United States operations segment, operating as Leader Automotive Group, currently operates 17 franchised dealerships comprises 15 brands, in Illinois. Leader currently sells Audi, Chevrolet, Chrysler, Dodge, Honda, Hyundai, Jeep, Kia, Lincoln, Mercedes-Benz, Porsche, Ram, Subaru, Toyota and Volkswagen-branded vehicles. In 2024, the company's U.S. dealerships sold approximately 12,900 new and used retail vehicles.

We seek Safe Harbor.