Mr. Mike Woodward reports

AUTOCANADA ANNOUNCES STRATEGIC REVIEW OF COLLISION OPERATIONS

AutoCanada Inc.'s board of directors is initiating a strategic review of the company's collision operations.

A Special committee has been formed to evaluate strategic alternatives for the company's collision operations, including, but not limited to, a potential separation and sale of all or part of the business.

• AutoCanada's collision operations segment operates under the ACX brand, with 26 OEM (original equipment manufacturer) certifications covering 37 vehicle brands and significant opportunities for continued organic growth and acquisitions.
• Management believes the value and growth potential of the company's collision operations may not be fully reflected in AutoCanada's current public market valuation.

The board has established a special committee of independent directors to analyze and evaluate a range of strategic alternatives intended to maximize value for AutoCanada and its shareholders and to support the continued growth of its collision operations. These alternatives may include, but are not limited to, a separation of the business from AutoCanada, and a potential sale of all or part of the business.

The board believes the value and growth potential of the company's collision operations may not be fully reflected in AutoCanada's current public market valuation.

"AutoCanada's collision operations has reached a scale that provides a strong foundation for continued organic growth and acquisitions," said Samuel Cochrane, chief executive officer of AutoCanada. "With a substantial pipeline of opportunities ahead, we are exploring how to best unlock embedded value for AutoCanada shareholders and position the collision operations to accelerate growth."

There can be no assurance that the strategic review will result in any transaction or specific outcome, nor can there be any assurance regarding the terms, structure or timing of any potential transaction. AutoCanada has not set a definitive timetable for the completion of the strategic review and does not intend to make further public announcements or disclosures regarding the process unless and until the board of directors approves a specific transaction, determines that the process has concluded, or otherwise determines that public disclosure is required under applicable securities laws.

About AutoCanada Inc.

AutoCanada's dealership operations segment operates 61 franchised dealerships in Canada, representing 23 automotive brands across eight provinces, as well as three independent used vehicle dealerships. In 2025, AutoCanada's Canadian dealerships sold approximately 71,000 new and used retail vehicles. AutoCanada's U.S. dealership portfolio is classified as discontinued operations as the company progresses its sale.

AutoCanada's collision operations segment, operating under the ACX brand, operates 38 collision centres supported by 26 original equipment manufacturer certifications covering 37 vehicle brands. Collision operations supports customer retention across multiple touchpoints in the automotive ownership life cycle.

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