Mr. Kevin Linder reports

CGI AND TELIA ANNOUNCE AGREEMENT FOR BUSINESS SERVICES TRANSFER AND NEW STRATEGIC PARTNERSHIP

CGI Inc. and technology company Telia have signed an agreement for a business transaction as well as a strategic partnership. Under the business transaction, Telia's cloud and capacity services for enterprises, as well as IT end-user services in Finland, will be transferred to CGI. At the same time, nearly 250 Telia employees will join CGI to support the continuing development and delivery of these services. The transaction is subject to customary regulatory approvals.

In addition, the companies are launching a strategic partnership through which CGI will support Telia's business operations with scalable, secure services that leverage cloud technology, while Telia will support CGI's growth through secure data centre infrastructure and network services.

With the new agreement, CGI strengthens its role as a pioneer in building secure and scalable IT environments in the region. Going forward, CGI will be able to offer its clients an even broader range of services to accelerate digital transformation and secure critical business data in line with their requirements. These CGI services range from Katakri 2020-certified high-security data centres to hybrid and public cloud environments. This expanded capability meets clients' growing demand for secure and scalable IT environments, and provides a strong foundation for automation, data-driven services and artificial intelligence (AI).

The partnership also supports Telia's strategic goal to focus on its core business and strengthen competitiveness in the long term.

"A key priority was to find a partner with whom we can ensure the continuity of our clients' business and create the conditions for leveraging new technologies," said Telia Cygate's chief executive officer, Matti Eloholma.

"As digital transformation accelerates and the geopolitical landscape shifts, organizations need greater flexibility and reliability in their IT environments," said Niraj Sood, president, Finland, Poland and Baltics operations at CGI. "The additional data centre capacity that will become available to us -- significant on a Nordic scale -- and the high-security solutions available through this partnership help us meet clients' growing demand for secure and scalable IT environments that can handle enterprise AI integration. We thank Telia for their trust in entering into a strategic partnership with us. Once completed, we expect the transaction to open up new opportunities both for our clients and for the skilled professionals joining CGI."

Telia's Helsinki data centre is not included in the transaction.

About Telia

Telia Finland is a technology company that provides telecommunications, IT, and digital services to millions of consumer and business customers, as well as to the public sector. Telia employs approximately 3,000 people in Finland, and its customers have nearly 4.2 million subscriptions across its various services. Security is the foundation of everything the company does. Telia strengthens critical infrastructure by investing approximately 200 million euros annually in Finland in nationwide telecommunications networks and secure ICT services.

Telia Finland is part of Telia Company, which operates in the Nordic and Baltic regions. Telia Company's revenue in 2025 was 7.3 billion euros. The company is committed to achieving net-zero emissions across its entire value chain by 2040.

About CGI Inc.

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT, and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI fiscal 2025 reported revenue is $15.91-billion and CGI shares are listed on the Toronto Stock Exchange (GIB.A) and the New York Stock Exchange (GIB).

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