An anonymous representative of Beedie Investments reports

BEEDIE INVESTMENTS LTD. ANNOUNCES FILING OF UPDATED EARLY WARNING REPORT IN RELATION TO VIQ SOLUTIONS

Beedie Investments Ltd. (Beedie Capital) has completed an internal reorganization of the holdings of Beedie Capital, pursuant to which: (i) Beedie Capital assigned and transferred 5,150,537 common shares in the capital of VIQ Solutions Inc. and 12,915,217 common share purchase warrants in the capital of VIQ Solutions to Beedie Capital Investments Ltd., and assigned and transferred its rights and obligations under a credit agreement dated Jan. 13, 2023 (as amended), between Beedie Capital and VIQ Solutions to Beedie Capital Lending Ltd.; and (ii) Beedie Capital assigned and transferred all of the outstanding shares of Beedie Capital Investments to Beedie Capital Holdings Ltd., and assigned and transferred all of the outstanding shares of Beedie Capital Lending to Beedie Capital Holdings, resulting in each of Beedie Capital Investments and Beedie Capital Lending being a wholly owned subsidiary of Beedie Capital Holdings. The aforementioned securities were valued at their original acquisition cost when transferred by Beedie Capital to Beedie Capital Investments and Beedie Capital Lending, respectively, as part of the reorganization.

Each of Beedie Capital Investments, Beedie Capital Lending and Beedie Capital Holdings is a wholly owned subsidiary of Beedie Capital.

Immediately prior to the completion of the internal reorganization and assuming conversion in full of the 12,915,217 warrants, Beedie Capital, directly or indirectly, would own or control a total of 18,065,754 common shares, representing approximately 21.96 per cent of the issued and outstanding common shares on a partially diluted basis.

Immediately following the completion of the internal reorganization and assuming conversion in full of the 12,915,217 warrants, Beedie Capital, indirectly through Beedie Capital Investments, would continue to own or control a total of 18,065,754 common shares, representing approximately 21.96 per cent of the issued and outstanding common shares on a partially diluted basis.

All of the securities held by Beedie Capital in VIQ Solutions, including the common shares and the warrants, are being held for investment purposes. Beedie Capital may in the future take such actions in respect of its VIQ Solutions securityholdings as it deems appropriate in light of the market circumstances then existing, including the potential purchase of additional shares of Integra through open market purchases or privately negotiated transactions, a corporate transaction, such as a merger, reorganization or liquidation, involving VIQ Solutions, or the sale of all or a portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers, or Beedie Capital may continue to hold its current positions.

A copy of the early warning report relating to the warrants will be available under VIQ Solutions' profile on SEDAR+, and may also be obtained by contacting Beedie Investments at 604-435-3321.