Mr. Rick Skauge reports

OLYMPIA FINANCIAL GROUP INC. ANNOUNCES STRATEGIC REORGANIZATION OF ITS CURRENCY & GLOBAL PAYMENTS DIVISION

Commencing Jan. 1, 2024, Olympia Financial Group Inc.'s currency and global payments business will be conducted by Olympia Currency and Global Payments Inc., a wholly owned subsidiary of Olympia. The CGP business provides corporations and individuals with customized currency exchange and global payment services.

Olympia's CGP business has been operated as a division of Olympia Trust Company since 2005. The decision to have OCGP conduct the CGP business will allow it to better serve the Ontario market while continuing to provide services to existing customers in Western Canada.

About Olympia Financial Group Inc.

Olympia conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit-taking trust company. Olympia Trust is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Trust administers self-directed registered accounts and corporate and shareholder services. Olympia also provides currency exchange and global payment services through its subsidiary Olympia Currency and Global Payments, private health plan services through its subsidiary Olympia Benefits Inc., and information technology services to exempt market dealers, registrants and issuers through its Exempt Edge division.

Olympia's common shares are listed on the Toronto Stock Exchange under the symbol OLY.

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