Mr. Andrew Lutfy reports

GROUPE DYNAMITE ANNOUNCES CLOSING OF SECONDARY OFFERING OF SUBORDINATE VOTING SHARES AND SHARE BUYBACK

Groupe Dynamite Inc. has closed the offering announced on April 20, 2026, consisting of 2.7 million subordinate voting shares offered by 4370368 Canada Inc., a company controlled by Andrew Lutfy, the company's chief executive officer (the selling shareholder), at an offering price of $93 per offered share for aggregate gross proceeds to the selling shareholder of approximately $251-million.

The offering was made by a syndicate of underwriters led by BMO Capital Markets, as lead joint bookrunner and manager, and including Desjardins Capital Markets, National Bank Capital Markets, RBC Capital Markets and TD Securities Inc., as joint bookrunners, and Canaccord Genuity, Stifel, Barclays, CIBC Capital Markets, Goldman Sachs, Raymond James, Scotiabank and UBS, as co-managers, on a bought deal basis pursuant to a short-form base shelf prospectus dated April 20, 2026, and a prospectus supplement dated April 22, 2026. Each of the shelf prospectus and the prospectus supplement has been filed and is available under the company's profile on SEDAR+. The offered shares were also offered by way of private placement in the United States.

Groupe Dynamite did not receive any proceeds from the sale of the offered shares by the selling shareholder.

Groupe Dynamite is also pleased to announce that it has completed the previously announced repurchase for cancellation of subordinate voting shares from the selling shareholder at the offering price, for total consideration of approximately $51-million pursuant to an exemption order granted by the Autorite des marches financiers.

About Groupe Dynamite Inc.

Groupe Dynamite is a growth-oriented company striving for excellence in the fashion industry. Operating retail stores and digital experiences under two complementary and spirited banners (Garage and Dynamite), the company offers a wide range of women's fashion apparel, catering to the needs of Generation Z and millennials. With a growing international presence, Groupe Dynamite operates across Canada and the United States and more recently expanded into the United Kingdom, advancing its global footprint. With leading key operating metrics and a commitment to innovation and disciplined execution, Groupe Dynamite is proud to continue its ambitious growth plans. Guided by the company's mission, "Empowering you to be you, one outfit at a time," Groupe Dynamite is a values-led, inclusive organization committed to inspiring confidence and self-expression. Proudly rooted in the chic and vibrant city of Montreal, Groupe Dynamite's culture, values and distinct brands position the company to shape the future of fashion while attracting and inspiring the next generation of leaders and creators. Groupe Dynamite's ownership mentality and entrepreneurial mindset are reflected in its shared success program, through which all of the company's 7,200 employees have ownership exposure. This alignment of interests and values fosters collaboration, fuels innovation, and creates meaningful long-term value for Groupe Dynamite's team and stakeholders alike.

We seek Safe Harbor.