Mr. Robert Leitz of iolite reports

IOLITE CALLED SPECIAL MEETING OF DYNACOR GROUP INC. - CHANGE TO SPECIAL MEETING DATE AND RECORD DATE

iolite Capital Management AG, a Switzerland-based investment manager, as representative of iolite Partners Ltd., the holder of not less than 10 per cent of the issued and outstanding voting shares of Dynacor Group Inc., says the special meeting of shareholders of the company will take place on April 16, 2025, rather than on April 9, 2025. Additionally, iolite has set a new date of record, which is now March 14, 2025.

As the existing board failed to call a meeting as requested, iolite has called the meeting in the best interests of the shareholders of the company. The meeting will be held on Wednesday, April 16, 2025, at 10 a.m. ET at 800 Victoria Square, suite 3500, Montreal, Que., H3C 0B4.

Shareholders as of the record date will be entitled to vote on the election of Robert Leitz as director of the company and to transact such other business as may properly be brought before the meeting or any adjournment thereof.

An information circular and proxy will be sent to shareholders as of the record date. Shareholders who do not receive a circular and proxy may contact iolite at proxy@endeavortrust.com. The circular with respect to the meeting will be made available at SEDAR+ and at the company's website.

About iolite

Founded in 2011 by Robert Leitz, iolite Capital is a Switzerland-based investment manager with a focus on hidden champions: good businesses at attractive valuations. iolite serves a select circle of private and institutional clients who share the same entrepreneurial mind set, are willing to invest for the long term and who would like to have first-hand access to a dedicated portfolio manager with substantial and meaningful skin in the game. Using a private equity approach, iolite conducts deep fundamental research, constructively engages with management and adopts a long-term investment horizon.

About Robert Leitz

Mr. Leitz brings 25 years of experience in finance and commodities. His expertise in international M&A (mergers and acquisitions) and distressed debt investing equips him to contribute effectively to the company's success. iolite holds a diverse portfolio of commodity-related investments across Australia, Canada, Switzerland and Africa. Before founding iolite, Mr. Leitz held positions at Glencore and several financial institutions, including TPG Credit, Goldman Sachs' European Special Situations Group and KPMG Corporate Restructuring. He holds a master of science in business administration and economics from the University of St. Gallen (HSG), Switzerland, and completed his master's thesis under the guidance of Prof. Eli Noam at Columbia University, New York.