Mr. Mike Pyle reports

EXCHANGE INCOME CORPORATION COMPLETES ACQUISITION OF TERRAPRO

Exchange Income Corp. has successfully closed its acquisition of TerraPro Inc., first announced on Aug. 24, 2026. Exchange Income has obtained all necessary approvals to close the acquisition on Oct. 22, 2026, for a purchase price of $30-million, subject to customary postclosing adjustments.

TerraPro, operating out of Sherwood Park, Alta., is a fully integrated access-matting platform providing services across Western Canada. The company is supported by its internal mat manufacturing capabilities, matting fleet and specialized equipment. TerraPro will be integrated with Exchange Income's Environmental Access Solutions' Canadian operations, allowing it to further expand its capabilities and ability to service customers throughout Canada.

Exchange Income is optimistic about the outlook for the Canadian matting market. Continued investment in long linear projects across the country is expected to support increased demand for access matting solutions. The addition of TerraPro enhances the scale of the company's Environmental Access Solutions' Canadian operations, positioning the business to best support customers in the years to come.

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.