Mr. Gerry Schwartz reports

ONEX CONFIRMS ELECTION OF DIRECTORS

All nominees set forth in the management information circular for Onex Corp.'s May 14, 2026, annual meeting of shareholders have been elected as directors of the company. (All dollar amounts are in U.S. dollars.) Detailed results of the vote for each director are set out below.

New director -- Jay A. Cohen

Mr. Cohen is an investment professional and business leader with over 30 years of experience in the insurance industry. From 1995 to 2020, he was a managing director at Bank of America Securities/Merrill Lynch, leading insurance equity research teams and advising institutional investors in marketing equity offerings throughout the insurance industry ecosystem. Previously, Mr. Cohen was an insurance analyst at Solomon Brothers, as well as bond underwriter at Aetna Casualty & Surety. Mr. Cohen holds a master of business administration from Columbia Business School and a bachelor of arts in managerial economics from Union College.

"I am pleased to welcome our newest director, Jay Cohen, to the board," said Gerry Schwartz, chairman and founder of Onex. "His extensive knowledge of the insurance industry will be especially valuable to Onex, and I am confident that his expertise will contribute meaningfully to our continued success."

"On behalf of the board, I also want to express our gratitude to Rob Prichard for his 32 years of service as a director. We are all deeply thankful for Rob's valuable insights, professional stewardship and guidance over the years, including as lead director. He has been a trusted partner and played an integral role in Onex's growth and success over many years, and we wish him the very best in the future," added Mr. Schwartz.

Shareholders of Onex were also presented with and voted on: (i) an advisory resolution endorsing the company's approach to executive compensation, generally referred to as say on pay; (ii) the appointment of PricewaterhouseCoopers LLP as auditor of the corporation and authorization of the directors to fix the remuneration of PricewaterhouseCoopers as auditor. Results of the votes are set out below.

About Onex Corp.

Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, it has a long record of creating value for its clients and shareholders. Its investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices, and high-net-worth individuals. In total, Onex has approximately $59.2-billion in assets under management, of which $8.7-billion is Onex's own investing capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex's platforms.

Onex is listed on the Toronto Stock Exchange under the symbol ONEX.

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