An anonymous director reports

CORUS ENTERTAINMENT ANNOUNCES AMENDMENT OF CREDIT FACILITIES

Corus Entertainment Inc. has completed an agreement to amend its sixth amended and restated credit agreement with its bank group, led by RBC Capital Markets and TD Securities, dated March 18, 2022, as amended Feb. 17, 2023. Pursuant to the amendment, the maximum total debt to cash flow ratio required under the financial covenants is increased through and including Aug. 31, 2024, mandatory quarterly repayments of the term facility are reintroduced, certain conditions related to the use of proceeds on asset disposals are changed and additional restrictions on distributions are introduced. All terms are defined in the credit facility.

A copy of the amendment to the credit facility will be filed under the company's profile on SEDAR-plus.

About Corus Entertainment Inc.

Corus Entertainment is a leading media and content company that develops and delivers high-quality brands and content across platforms for audiences around the world.