Mr. Mike Pyle reports

EXCHANGE INCOME CORPORATION ANNOUNCES VOTING RESULTS FOR ITS 2024 ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

Exchange Income Corp. has released the voting results on the election of directors from its 2024 annual and special meeting of shareholders (AGM).

A total of 12,985,607 common shares representing 27.46 per cent of the corporation's 47,281,753 issued and outstanding common shares were voted in connection with the AGM. Shareholders approved all items of business before the AGM, including the election of directors as shown in the attached table.

At the meeting, shareholders also voted in favour of: the reappointment of PricewaterhouseCoopers LLP as the auditor of the corporation until the close of the next annual meeting of shareholders; the approval of the fifth amended and restated deferred share plan of the corporation; the approval of the fifth amended and restated employee share purchase plan; and the approval, on an advisory basis, of the corporation's approach to executive compensation.

About Exchange Income Corp.

Exchange Income is a diversified acquisition-oriented company focused in two segments: aerospace and aviation, and manufacturing. The corporation uses a disciplined acquisition strategy to identify already-profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.

We seek Safe Harbor.