Mr. Mike Pyle reports

EIC SUBSIDIARY PAL AEROSPACE CONTRACTED BY AIR GREENLAND FOR DHC-8-200 MISSIONIZATION PROGRAM

Exchange Income Corp.'s subsidiary, PAL Aerospace, has confirmed the signature of a contract with Air Greenland to support the missionization of two DHC-8-200 aircraft for Maritime Domain Awareness operations in Greenland. The program includes aircraft modification, configuration, integration and related support activities, and is intended to deliver a capability tailored to Air Greenland's defined operational requirements.

PAL Aerospace will provide mission systems integration and related software capabilities as part of the aircraft missionization program. Drawing on PAL Aerospace's experience in special mission aviation, the solution will support the collection, co-ordination and use of operational information in accordance with Air Greenland's requirements.

This program will be supported by PAL Aerospace throughout its service life. This will include training, technical support, software support, future modifications, supply chain support and scheduled maintenance activities, helping to ensure that the aircraft remain aligned with Air Greenland's operational and technical requirements.

"Greenland's mission is one we understand well," said Simon Carroll, president, PAL Aerospace. "Between our own northern operations and our jointly executed taskings in the North Sea with the Netherlands Coastguard, we've learned what it takes to find what you're looking for in this part of the world. This program will deliver that capacity for Greenland."

"This partnership brings together Air Greenland's decades of operational experience in the Arctic with PAL Aerospace's long-standing expertise in special mission aircraft," said Jacob Nitter Sorensen, chief executive officer, Air Greenland. "Together, we are establishing a modern capability that will be operated from Greenland, while developing local competencies and creating long-term value for Greenland and the Arctic. We look forward to working closely with PAL Aerospace to deliver this important program."

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.