Mr. Lemar Persaud reports

EQB ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID AND APPROVAL OF AUTOMATIC SECURITIES PURCHASE PLAN

EQB Inc. has received approval from the Toronto Stock Exchange (the TSX) to renew its normal course issuer bid (the NCIB) for an additional 12-month period.

The renewed NCIB will commence on Jan. 6, 2026, and will expire on Jan. 5, 2027, or on such earlier date as the NCIB is complete.

Pursuant to the terms of the NCIB, the company may purchase for cancellation up to 2,215,794 common shares, representing approximately 10 per cent of the public float of such shares as of Dec. 23, 2025.

Subject to the TSX's block purchase exception, on any trading day purchases under the NCIB will not exceed 31,372 common shares, based on an average daily trading volume of the common shares from June 1, 2025, to Nov. 30, 2025, of 125,488 common shares (rounding down and determined in accordance with TSX polices).

All purchases under the renewed NCIB will be made through the facilities of the TSX, and/or through alternative Canadian trading systems, in accordance with its rules and applicable Canadian securities laws. All shares acquired under the NCIB will be cancelled.

In connection with the renewal of the NCIB, the company has also received TSX approval to establish an automatic securities purchase plan (the ASPP) with its designated broker. The ASPP is intended to allow for the repurchase of common shares under the NCIB during blackout periods or otherwise restricted trading periods, subject to the terms and limits of the plan and applicable securities laws.

The board of directors has authorized the renewal of the NCIB because it believes that, from time to time, the market price of the company's common shares does not fully reflect their intrinsic value. Repurchasing shares is viewed as an efficient use of capital and aligned with EQB's broader capital management strategy.

Under its existing NCIB, the company repurchased 1,424,863 common shares through the facilities of the TSX and alternative Canadian trading systems at a weighted-average price of approximately $94.3742 per common share for total cash consideration of approximately $134,481,704 (including commission). Under the previous NCIB, a total of up to 2.3 million common shares were available for repurchase.

As of Dec. 23, 2025, the company had 37,293,085 common shares issued and outstanding. The public float was 22,157,942, calculated in accordance with the rules of the TSX.

About EQB Inc.

EQB is a leading digital financial services company with $138-billion in combined assets under management and administration (as at Oct. 31, 2025). It offers banking services through Equitable Bank, a wholly owned subsidiary and Canada's sevent-largest bank by assets, and wealth management through ACM Advisors, a majority owned subsidiary specializing in alternative assets. As Canada's Challenger Bank, Equitable Bank has a clear mission to drive change in Canadian banking to enrich people's lives. It leverages technology to deliver exceptional personal and commercial banking experiences and services to nearly 780,000 customers and more than six million credit union members through its businesses. Through its digital EQ Bank platform, its customers have named it one of Canada's top banks on the Forbes World's Best Banks list since 2021.

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