Mr. Matthew Hills reports

K-BRO APPOINTS JOHN LYNCH TO ITS BOARD OF DIRECTORS

K-Bro Linen Inc. has appointed John Lynch to the board of directors of K-Bro, effective July 30, 2026.

Mr. Lynch's career has included several capital markets leadership positions. Most recently, Mr. Lynch spent 10 years as a managing director at JPMorgan Asset Management growing and managing the infrastructure investments and team in Europe. Prior to that, he had a two-decade career in investment banking in the United States and Europe as a managing director with Bank of America Merrill Lynch. Mr. Mr. Lynch and his family live in London, England.

"On behalf of our board, it is my pleasure to welcome John," said Matthew Hills, chair of the board. "John brings a range of capital markets experience to our board, including more than three decades of experience in international finance and investing, all of which will further strengthen K-Bro's board of directors.

"I am pleased to join K-Bro's board of directors," Mr. Lynch commented. "K-Bro is the largest health care and hospitality laundry and linen processor in Canada and one of the largest in the U.K., with coast-to-coast national geographic footprints in each country. The company is a leader in its industry and has a strong management team led by CEO Linda McCurdy. I'm excited about K-Bro's growth opportunities in the years ahead."

About K-Bro Linen Inc.

K-Bro is the largest owner and operator of laundry and linen processing facilities in Canada. K-Bro provides a comprehensive range of general linen and operating room linen processing, management and distribution services to health care institutions, hotels and other commercial accounts. K-Bro currently operates 11 processing facilities under two distinctive brands, including K-Bro Linen Systems Inc. and Buanderie HMR, in eight Canadian cities: Quebec City, Montreal, Toronto, Edmonton, Calgary, Regina, Vancouver and Victoria.

Fishers was established in 1900 and is an operator of laundry and linen processing facilities in Scotland, providing linen rental, workwear hire and cleanroom garment services to the hospitality, health care, manufacturing and pharmaceutical sectors. Fishers's client base includes major hotel chains and prestigious venues across Scotland and the North East of England. The company operates sites in Scotland and the North East of England with facilities in Cupar, Perth, Newcastle, Livingston and Coatbridge.

Shortridge has operated as a family-run business since the 1990s and is based in Cumbria, with plants in Lillyhall and Dumfries and a distribution depot in Darlington. It specializes in providing high-quality laundry services to local independent hospitality businesses, including hotels, B&Bs (bed and breakfasts), self-catering units, and restaurants.

Stellar Mayan is a holding company that owns 100-per-cent interests in three operating businesses: Synergy, Grosvenor and AeroServe. Stellar Mayan is a leading commercial laundry business in England, serving the health care and hospitality markets. Typical services offered include processing, management and distribution of health care and hospitality linens, including sheets, blankets, towels, surgical gowns and other linen. Stellar Mayan has seven operating facilities strategically located across England: London, Derby, Dunstable, Sheffield, Slough (two) and St. Helens, in addition to a distribution depot in Manchester.

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