Further to its bulletin dated Feb. 27, 2026, the Toronto Stock Exchange reports that the common shares of AGT Food and Ingredients Inc. began trading on an if, as and when-issued basis at 9:30 a.m. Toronto time on March 3, 2026, under the symbol AGTF and with Cusip No. 001264 30 8.

According to the TSX, a total of 19,543,500 shares of the company are being offered to the public, of which: (i) 18,478,212 shares are being sold by the company from treasury; and (ii) 1,065,288 shares are being sold through a secondary offering by the initial selling shareholders, at a price of $23 per share, for total gross proceeds of $449,500,500, of which $424,998,876 will be received by the company, pursuant to a prospectus offering that is scheduled to close before the opening on March 9, 2026.

The TSX notes that the company and the overallotment selling shareholder have granted the underwriters an overallotment option to purchase up to an additional 2,931,500 shares at the offering price. Any shares sold pursuant to the exercise of the overallotment option will be sold first from the shares held by the overallotment selling shareholder. Concurrently with the completion of the offering, certain affiliates of Fairfax Financial Holdings Ltd. will purchase, on a private placement basis, 8,695,700 shares of the company, at the offering price, for gross proceeds of $200-million.

Subject to the closing of the offering on March 9, 2026, all trades in the shares in the if, as and when-issued market on March 3, 2026, March 4, 2026, March 5, 2026, and March 6, 2026, will be for special settlement on March 9, 2026, and will appear on the settlement report from CDS Clearing and Depository Services Inc.

Upon closing, the TSX will issue a bulletin to confirm: (i) the closing; and (ii) that the shares will no longer trade on an if, as and when-issued basis, but will trade thereafter on a regular settlement basis. If the offering does not close, all of the if, as and when-issued trades will be cancelled, no securities will be delivered and no money will be owed by purchasers to sellers. Parties who are entitled to receive shares under the offering may sell such securities in the if, as and when-issued market without being subject to restrictions on short sales. Parties who are not entitled to receive shares under the offering must comply with the short sale rule in all respects for any sales they make in the if, as and when-issued market.

For more information, see the company's final base PREP prospectus dated Feb. 27, 2026, the supplemented PREP prospectus dated Feb. 27, 2026, and the news release dated Feb. 27, 2026, available on SEDAR+.