Mr. Ted Goldthorpe reports

180 DEGREE CAPITAL CORP. AND MOUNT LOGAN CAPITAL INC. PROVIDE UPDATE ON PROPOSED BUSINESS COMBINATION

180 Degree Capital Corp. and Mount Logan Capital Inc. have provided an update to shareholders showing strong support in favour of the proposed business combination between 180 Degree Capital and Mount Logan, with over 57 per cent of the outstanding shares of 180 Degree Capital having been voted in favour of the proposed business combination as of Aug. 14, 2025, and with shareholders of Mount Logan having submitted proxies representing votes in excess of the required thresholds to approve the resolutions that are necessary to implement the proposed business combination.

• As of Aug. 14, 2025, in excess of 57 per cent of the outstanding shares of 180 Degree Capital have been voted for the proposed business combination, and in excess of 50 per cent of the outstanding shares of 180 Degree Capital have been voted for all other proposals scheduled to be considered at the Aug. 22, 2025, special shareholder meeting.
• As of Aug. 14, 2025, Mount Logan is in receipt of proxies representing votes in excess of the required thresholds to approve the resolutions that are necessary to implement the proposed business combination.
• As part of discussions, 180 Degree Capital continues to engage in constructive dialogue with 180 Degree Capital shareholders.

180 Degree Capital continues to engage in active dialogue and outreach with 180 Degree Capital shareholders in connection with the proposed business combination. Based on these conversations, 180 Degree Capital and Mount Logan continue to believe support will be received from the required threshold of votes from 180 Degree Capital shareholders to consummate the proposed business combination.

"We are encouraged by the strong level of support we have received from our shareholders," said Kevin Rendino, chief executive officer of 180 Degree Capital. "We continue to work collaboratively with Mount Logan and our investors to ensure the combined company launches with the right structure and governance to support value realization."

"We appreciate the level of engagement we have had with our shareholders and their thoughts on the go-forward outlook of our business," said Ted Goldthorpe, chief executive officer of Mount Logan. "The vote momentum across both shareholder bases underscores confidence in the business logic of this combination. We remain focused on closing and on positioning new Mount Logan for long-term value creation."

The special meetings of shareholders for each of 180 Degree Capital and Mount Logan to approve the proposed business combination are scheduled in each case for Aug. 22, 2025. Shareholders can access the joint proxy statement and prospectus on the 180 website or under Mount Logan's SEDAR+ profile. 180 Degree Capital urges its shareholders to cast their votes by following the instructions outlined in the joint proxy statement and/or the proxy card received via e-mail or mail or by calling the company's proxy solicitor, EQ Fund Solutions, at 1-800-967-5051.

Please contact EQ Fund Solutions or 180 Degree Capital at ir@180degreecapital.com if you have not received materials to cast your votes or if you have questions about the proxy materials.

About 180 Degree Capital Corp.

180 Degree Capital is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what it believes are substantially undervalued small, publicly traded companies that have potential for significant turnarounds. 180's goal is that the result of its constructive activism leads to a reversal in direction for the share price of these investee companies, that is, a 180-degree turn. Detailed information about 180 Degree Capital and its holdings can be found on its website .

About Mount Logan Capital Inc.

Mount Logan Capital is an alternative asset management and insurance solutions company that is focused on public and private debt securities in the North American market and the reinsurance of annuity products, primarily through its wholly owned subsidiaries Mount Logan Management LLC and Ability Insurance Company, respectively. Mount Logan also actively sources, evaluates, underwrites, manages, monitors and primarily invests in loans, debt securities and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle.

ML Management was organized in 2020 as a Delaware limited liability company and is registered with the Securities and Exchange Commission as an investment adviser under the Investment Advisers Act of 1940, as amended. The primary business of ML Management is to provide investment management services to (i) privately offered investment funds exempt from registration under the Investment Company Act of 1940, as amended, advised by ML Management, (ii) a non-diversified closed-end management investment company that has elected to be regulated as a business development company, (iii) Ability, and (iv) non-diversified closed-end management investment companies registered under the 1940 Act that operate as interval funds. ML Management also acts as the collateral manager to collateralized loan obligations backed by debt obligations and similar assets.

Ability is a Nebraska domiciled insurer and reinsurer of long-term care policies acquired by Mount Logan in the fourth quarter of fiscal year 2021. Ability is unique in the insurance industry in that its long-term care portfolio's morbidity risk has been largely reinsured to third parties, and Ability is no longer insuring or reinsuring new long-term care risk.

We seek Safe Harbor.