Mr. George Paleologou reports

PREMIUM BRANDS HOLDINGS CORPORATION PROVIDES CLARIFICATION REGARDING UPCOMING ANNUAL MEETING

Premium Brands Holdings Corp. has mailed materials to its shareholders in connection with its coming annual meeting to be held in hybrid format on Tuesday, May 6, 2025, including a notice of meeting, management information circular and form of proxy.

Appendix D of the management information circular sets out the text of three shareholder proposals, one of which was withdrawn and two of which will be put to the shareholders of the company for consideration at the meeting: proposal No. 1, in respect of the proposed adoption of an overboarding policy for the company's directors, and proposal No. 2, in respect of the proposed disclosure of the percentage of pork produced by the company using group sow housing. Appendix D of the management information circular also sets out the board's responses to the shareholder proposals, and the recommendation that shareholders vote against both proposal No. 1 and proposal No. 2.

The company wishes to clarify that the form of proxy included in the meeting materials includes a single spot for shareholders to vote for or to vote against the shareholder proposals. Accordingly, a vote for the shareholder proposals will be counted as an affirmative vote for both proposal No. 1 and proposal No. 2; conversely, a vote against the shareholder proposals will be counted as a negative vote against both proposal No. 1 and proposal No. 2. Shareholders who are in favour of either shareholder proposal are encouraged to vote for both.

About Premium Brands Holdings Corp.

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada, the United States and Italy.