Mr. Joe Racanelli reports

AIMIA APPOINTS JAMES SCARLETT TO BOARD OF DIRECTORS

Aimia Inc. has made a change to its board of directors designed to strengthen its governance and add experience and skills that will help drive the company's goal of creating shareholder value.

James Scarlett, ICDD, one of Canada's most respected senior legal advisers with more than 40 years of experience completing complex merger and acquisition transactions, has been named to Aimia's board of directors, effective immediately.

Mr. Scarlett was formerly the executive vice-president and chief legal officer at Hydro One Inc., an electricity transmission and distribution provider, and previously a senior partner at Torys LLP, one of Canada's leading law firms, where he held a number of leadership roles, including head of Torys's capital markets group, mining group and international business development strategy. Mr. Scarlett earned his law degree from the University of Toronto and a bachelor of commerce from McGill University. He also holds the ICDD designation from the Rotman Directors Education Program.

Mr. Scarlett is a director nominee for Aimia's coming annual general meeting of shareholders scheduled for June 26, 2024, for shareholders of record.

About Aimia Inc.

Aimia 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 solution company. Headquartered in Toronto, Aimia's priorities include monetizing its non-core investments, returning capital to its shareholders and efficiently utilizing its loss carryforwards to create shareholder value.

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