Ms. Isabelle Famery reports

COGECO ANNOUNCES A NON-CASH IMPAIRMENT CHARGE RELATED TO ITS AMERICAN TELECOMMUNICATIONS SEGMENT

Cogeco Communications Inc. and Cogeco Inc., as part of a review of the carrying value of their assets for the third quarter of fiscal 2026, expect to record a non-cash impairment charge of the goodwill and intangible assets related to the American telecommunications segment. The expected charge of approximately $1.7-billion ($1.2-billion (U.S.)), net of deferred income taxes, is based on currently available information and estimates, and reflects the competitive environment in which Cogeco operates in the United States. This preliminary amount will be finalized and recognized in the corporations' consolidated financial statements for the third quarter of fiscal 2026.

This impairment charge is non-cash in nature and does not affect the corporations' cash flows or day-to-day operations. Cogeco is progressing with the implementation of measures to strengthen its performance in the United States, including the growth of its wireless service and the recent launch of a new fully digital second brand (welo).

About Cogeco Inc. and Cogeco Communications Inc.

Cogeco is a North American leader in the telecommunications and media sectors. Through Cogeco Communications, the two companies provide world-class Internet, wireless, video, and wireline phone services to 1.6 million residential and business subscribers in Canada and 13 states in the United States. Through Cogeco Media, the two companies operate 21 radio stations in Canada, primarily in the province of Quebec, as well as a news agency.

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