Mr. Joe Racanelli reports

AIMIA ENTERS INTO A PRIVATE AGREEMENT WITH MILKWOOD CAPITAL (UK) LTD. TO REPURCHASE COMMON SHARES

Aimia Inc. has entered into an agreement to purchase for cancellation 1.3 million of its common shares owned by Milkwood Capital (U.K.) Ltd. at a price per repurchased share equal to the lesser of (i) $2.55 (representing 96 per cent of the volume-weighted average price of the common shares of Aimia on the Toronto Stock Exchang for the 20 trading days ending on July 16, 2024) and (ii) an amount equal to 96 per cent of the volume-weighted average price of the common shares of Aimia on the TSX for the three trading days ending on the date of closing. The repurchase is scheduled to occur after close of markets on July 19, 2024. The repurchase is part of the corporation's obligations under the settlement agreement between the parties that was announced on Dec. 29, 2023. Other than the repurchase price, no fee or other consideration will be paid in connection with the repurchase. The repurchase will count toward the 7,009,622 common shares Aimia is entitled to purchase for cancellation under its normal course issuer bid during the 12-month period beginning on June 6, 2024, and ending June 5, 2025. The company will file a report on SEDAR+ immediately following the completion of the transaction indicating, among other things, the aggregate dollar amount paid for the repurchased shares.

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 solutions company.

We seek Safe Harbor.