Mr. Guillaume Lavoie reports

MDA SPACE ANNOUNCES OFFERING OF C$600 MILLION SENIOR UNSECURED NOTES DUE 2033

MDA Space Ltd. has priced a private placement offering to sell, pursuant to the offering, $600-million aggregate principal amount of 6.50 per cent senior unsecured notes due Aug. 5, 2033. The offering is expected to close on or about Aug. 5, 2026, subject to customary closing conditions.

The notes will be issued at a price of $1,000 per $1,000 principal amount of notes. The notes will constitute senior unsecured obligations of the company, ranking pari passu in right of payment with all existing and future senior unsecured indebtedness of the company (including the 7.00 per cent senior unsecured notes issued by the company on Dec. 23, 2025, in an aggregate principal amount of $250-million due Dec. 23, 2030), and will be guaranteed by certain of the company's subsidiaries. Interest on the notes will accrue at a rate of 6.50 per cent per annum, payable semi-annually in arrears on Feb. 5 and Aug. 5 of each year, commencing on Feb. 5, 2027.

The company intends to use the net proceeds from the offering to finance a portion of the purchase price for the acquisition of Blue Canyon Technologies LLC that was previously announced by the company on June 19, 2026, and acquisition-related fees and expenses. Once completed, the acquisition is expected to provide MDA Space with a strategic business and manufacturing footprint to capitalize on growing demand in the U.S. government market for defence space missions. The acquisition is expected to close by the end of 2026, subject to customary closing conditions. In the event the acquisition does not close, the company will be required to redeem all of the outstanding notes at a redemption price equal to 100 per cent of the principal amount thereof, plus accrued and unpaid interest.

"This successful offering supports the long-term growth objectives underlying our acquisition of BCT and our steadfast commitment to create shareholder value," said Guillaume Lavoie, chief financial officer of MDA Space. "We are pleased with the market's positive response and strong demand to participate in the offering, which reflects continued investor confidence in our ability to execute on our growth strategy while maintaining balance sheet discipline."

The notes are being offered through a syndicate of underwriters led by RBC Capital Markets, BMO Capital Markets and Scotiabank.

The notes are being offered for sale in each of the provinces of Canada to accredited investors on a private placement basis, in reliance upon exemptions from the prospectus requirements under applicable Canadian securities laws.

About MDA Space Ltd.

Building the space between proven and possible, MDA Space is a trusted mission partner to the global defence and space industry. A robotics, satellite system and geointelligence pioneer with a 55-plus-year story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission -- bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that has been in its DNA since day one. For those who dream big and push boundaries on the ground and in the stars to change the world for the better, MDA Space will take you there.

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