Mr. Razat Gaurav reports

KINAXIS ANNOUNCES INTENTION TO MAXIMIZE SIZE OF NORMAL COURSE ISSUER BID

Kinaxis Inc. intends to amend its current normal course issuer bid (the NCIB) to increase the number of its common shares that may be repurchased from 1,403,042, representing 5 per cent of the company's issued and outstanding shares as at Oct. 31, 2025, to approximately 2,799,843, representing 10 per cent of the company's public float as at Oct. 31, 2025, which is the maximum allowable under the rules of the Toronto Stock Exchange (the TSX). The company has already invested $54-million (U.S.) under its current NCIB. At the average price paid to date for the shares under the current NCIB, repurchasing 10 per cent of the shares would represent an additional investment of approximately $284-million (U.S.).

"There is a fundamental misunderstanding of the opportunities and threats from generative and agentic AI to mission-critical enterprise software, like ours, that solves deeply complex problems and enables highly consequential decisions. As a result, the public markets may not be fully reflecting the underlying value of Kinaxis from time to time. We see value to shareholders in maximizing our ability to buy back shares under the NCIB structure or other structures that may also be available to Kinaxis," said Razat Gaurav, chief executive officer of Kinaxis. "Our substantial moat in industry is built on decades of deep domain knowledge, and our Maestro platform represents the most granular and holistic representation of how underlying supply chains operate. Maestro's predictions, intelligence and prescriptive decisions are made possible by leveraging a fusion of advanced machine learning, optimization and heuristics. These capabilities are fundamental to supply chain planning and decision making and are enhanced, not replaced, by GenAI, composable agentic AI, and the latest semantic and data architectures to achieve the next generation of supply chain orchestration. We are excited about the possibilities."

Under the NCIB, to Feb. 3, 2026, Kinaxis has repurchased for cancellation an aggregate of 447,738 shares (at an average price of $167.50 per share). The NCIB commenced on Nov. 12, 2025, and ends on Nov. 11, 2026, or on such earlier date as Kinaxis completes its purchases or provides notice of termination.

Although the company has a present intention to increase the size of the NCIB, the company may not do so and will not be obligated to make any purchases and purchases may be suspended by the company at any time. The amendment to the NCIB is expected to be made once the company comes out of its existing regularly scheduled blackout period, and is subject to market conditions and receipt of all required approvals, including the approval of the Toronto Stock Exchange.

About Kinaxis Inc.

Kinaxis is a global leader in modern supply chain orchestration, powering complex global supply chains and supporting the people who manage them. The company's powerful, artificial-intelligence-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain -- from multiyear strategic planning to last-mile delivery. The company is trusted by renowned global brands to provide the agility and predictability needed to navigate today's volatility and disruption.

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