Mr. John Ripplinger reports

IMAFLEX ANNOUNCES COMPLETION OF ACQUISITION BY SOTERIA

Imaflex Inc. has completed the previously announced plan of arrangement under Section 192 of the Canada Business Corporations Act involving Soteria Flexibles AcquireCo Ltd., an affiliate of Soteria Flexibles Corp., pursuant to which the purchaser has acquired all the issued and outstanding common shares of Imaflex for $2.35 in cash per share, representing approximately $123.0-million of equity value of the corporation.

The arrangement received strong support from the corporation's shareholders at a special meeting held on Feb. 19, 2026, and the arrangement received final court approval on Feb. 20, 2026.

As a result of the completion of the arrangement, it is expected that the shares will be delisted from the TSX Venture Exchange at the close of business on March 3, 2026. The corporation shall apply to cease to be a reporting issuer under Canadian securities laws in the provinces of Alberta, British Columbia and Quebec.

Consideration for the shares has been remitted by the purchaser to Computershare Investor Services Inc., as depositary under the arrangement. In order to receive the consideration pursuant to the arrangement, registered shareholders must properly complete and duly execute a letter of transmittal, and deliver such properly completed and duly executed letter of transmittal and the other documents required by it, including the certificate(s) and/or DRS advice(s) representing their shares, to the depositary. A letter of transmittal was previously mailed to all registered shareholders and has been filed under Imaflex's issuer profile on SEDAR+. Shareholders of Imaflex who hold their shares through a broker or other intermediary should contact such broker or intermediary for instructions and assistance in receiving the consideration.

Early warning reporting

Immediately prior to the effective date of the arrangement, the purchaser and its affiliates did not own any shares. An early warning report will be filed on SEDAR+ under the corporation's profile. Further information and/or a copy of the early warning report may be obtained from the company. The purchaser's head office is located at 199 Bay St., Suite 5300, Commerce Court West, Toronto, Ont., M5L 1B9.

About Imaflex Inc.

Founded in 1994, Imaflex is focused on the development and manufacturing of innovative solutions for the flexible packaging space. Concurrently, the corporation develops and manufactures films for the agriculture industry. The corporation's products consist primarily of polyethylene (plastic) film and bags, including metalized plastic film, for the industrial, agricultural and consumer markets. Headquartered in Montreal, Que., Imaflex has manufacturing facilities in Canada and the United States.

About Soteria Flexibles Corp.

Soteria Flexibles, a portfolio company of TJC LP, is a North American manufacturer of high performance films and flexible packaging solutions, serving customers across a wide range of end-markets, including food, health care, industrial and consumer applications. The company specializes in short-run, custom packaging supported by advanced manufacturing capabilities and a customer-centric operating model. With eight manufacturing locations and a broad portfolio of materials and formats, Soteria partners closely with customers to deliver reliable, responsive and innovative flexible packaging solutions tailored to their specific needs.

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