Mr. Simon Hitzig reports

ACCORD ANNOUNCES APPROVAL OF DEBENTURE AMENDMENTS

Holders of Accord Financial Corp.'s 12 per cent unsecured subordinated debentures approved previously announced amendments to the terms of the debentures at a special meeting of holders of debentures held on July 27, 2026. The amendments were outlined in a management proxy circular mailed to debentureholders in connection with the meeting and include: (i) extending the maturity date of the debentures from July 31, 2026, to Oct. 31, 2031, provided that if the company does not refinance its senior credit facility by Dec. 31, 2026, the debentures would instead mature on Oct. 31, 2027; and (ii) decreasing the interest rate to 7 per cent commencing July 31, 2026, and providing the company flexibility to pay interest in cash or continue to accrue (interest has been accruing since July 1, 2025); and (iii) providing for repayment of 103 per cent of principal (plus any accrued and unpaid interest) in the event of a change of control after Dec. 31, 2026. The debentures trade on the Toronto Stock Exchange under the symbol ACD.DB, and, since Dec. 15, 2025, have traded on an interest flat basis.

The company also announced the finalization of amendments to the terms of unsecured demand notes and term notes held by chief executive officer Simon Hitzig and members of his family, representing principal outstanding of approximately $11-million. The amended terms reduce the seniority of the Hitzig notes to rank pari passu with the debentures, reduce the interest rate to 0 per cent for two years from July 31, 2026, and mirror the maturity date of the debentures, including the bank facility refinancing contingency.

Accord's president and chief executive officer, Mr. Hitzig, commented: "The company made significant progress in the first half of the year, exiting the U.S. market to refocus on small business lending in Canada. In the process, Accord reduced the amount outstanding under the bank facility from $148.2-million at the start of the year to $55.0-million at June 30, 2026. The debenture amendments provide time and flexibility as we work towards refinancing the bank facility by its maturity date of Oct. 31, 2026. We sincerely appreciate debentureholders' support through this critical period."

Full terms of the debenture amendments will be incorporated into a supplemental trust indenture, which will be filed under the company's profile on SEDAR+.

About Accord Financial Corp.

Accord Financial is one of Canada's most dynamic commercial finance companies providing fast, versatile financing solutions including asset-based lending, factoring, inventory finance, equipment finance and working capital loans. By leveraging its unique combination of deep experience and independent thinking, it crafts winning financial solutions for small- and medium-sized businesses, simply delivered, so its clients can thrive.

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