Mr. Joe Racanelli reports

AIMIA ANNOUNCES INTENTION TO LAUNCH NORMAL COURSE ISSUER BID

Aimia Inc.'s board of directors has authorized a normal course issue bid (NCIB) to purchase for cancellation up to 10 per cent of its public float of common shares or approximately seven million common shares, subject to the approval of the Toronto Stock Exchange. Aimia intends to file a notice of intention with the TSX in this regard.

Aimia's decision to approve the NCIB is consistent with its priorities announced on May 15, 2024, and reflective of the Company's commitment to return capital to shareholders.

Subject to the approval of the TSX, it is expected that the NCIB will begin on or about June 6 , 2024 and will end at the latest on or about June 5, 2025. Purchases made on the open market through the facilities of the TSX and alternative Canadian trading systems will be made at the prevailing market price at the time of purchase. Aimia may also purchase common shares for cancellation pursuant to exemption orders from applicable securities regulatory authorities, and such purchases will be at a discount to the prevailing market price. As at May 28 , 2024 Aimia had 99,679,614 issued and outstanding common shares. The Company's public float for determining the number of shares available for purchase and cancellation, pending TSX approval, was estimated at 70 million common shares as at May 28, 2024. Aimia will only make purchases under the NCIB once all regulatory approvals are obtained.

Aimia will retain discretion whether to make purchases under the NCIB, and to determine the timing, amount and acceptable price of any such purchases, subject at all times to applicable TSX and other regulatory requirements. However, Aimia intends to enter into a pre-defined plan (the "Plan") with its broker to allow for the repurchase of common shares at times when Aimia ordinarily would not be active in the market due to its pre-scheduled blackout periods. The Plan will be adopted in accordance with applicable laws and is subject to the approval of the TSX.

Aimia believes that the market price of its common shares may, from time to time, not reflect the inherent value of the company, and that repurchases of common shares pursuant to the NCIB may represent an appropriate and desirable use of the company's capital. Aimia believes it is in its best interest of shareholders to proceed with the NCIB given that its availability liquidity is sufficient to execute on the Company's future strategic direction and capital allocation priorities. About Aimia

Aimia Inc. (TSX: AIM) is a diversified company focused on unlocking the growth potential of its two global businesses, Bozzetto, a sustainable specialty chemicals company, and Cortland International, a rope and netting solutions company. Headquartered in Toronto, Aimia's priorities include monetizing its non-core investments, returning capital to its shareholders, and efficiently utilizing its loss carry-forwards to create shareholder value.

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