Mr. Steven Scott reports

STORAGEVAULT ANNOUNCES NORMAL COURSE ISSUER BIDS FOR COMMON SHARES AND DEBENTURES

Storagevault Canada Inc. has received conditional acceptance from the Toronto Stock Exchange to conduct a normal course issuer bid (NCIB) to purchase for cancellation, during the 12-month period starting March 23, 2026:

1. Up to 18,265,484 of the outstanding common shares of the corporation, representing 5 per cent of the 365,309,695 common shares outstanding (as of March 9, 2026);
2. Outstanding 5.50 per cent senior unsecured hybrid debentures of the corporation issued in July, 2021, and due on Sept. 30, 2026 (2021 debentures), in the aggregate principal amount of $2,873,750, representing 5 per cent of the currently outstanding $57,475,000 aggregate principal amount of 2021 debentures (as of March 9, 2025);
3. Outstanding 5.00 per cent convertible senior unsecured debentures of the corporation issued in January, 2023, and due on March 31, 2028 (2023 debentures), in the aggregate principal amount of $7,491,850, representing 5 per cent of the currently outstanding $149,837,000 aggregate principal amount of 2023 debentures (as of March 9, 2025);
4. Outstanding 5.60 per cent senior unsecured hybrid debentures of the corporation issued in November, 2025, and due on Dec. 31, 2030, in the aggregate principal amount of $2,875,000, representing 5 per cent of the currently outstanding $57.5-million aggregate principal amount of 2025 debentures (as of March 9, 2025).

Each NCIB will end on March 22, 2027, unless the maximum amount of common shares or debentures, as applicable, is purchased before then or Storagevault provides earlier notice of termination. Storagevault will not acquire through the facilities of the TSX more than 65,861 common shares, $12,848 aggregate principal amount of 2021 debentures, $38,173 aggregate principal amount of 2023 debentures or $56,629 aggregate principal amount 2025 debentures, during a trading day, being 25 per cent of the average daily trading volume of the common shares (263,447), 2021 debentures ($51,395), 2023 debentures ($152,693) and 2025 debentures ($226,516), respectively, on the TSX from Sept. 1, 2025, until Feb. 28, 2026, subject to certain prescribed exceptions. The stock symbol on the TSX for the common shares, 2021 debentures, 2023 debentures and 2025 debentures is SVI, SVI.DB.B, SVI.DB.C and SVI.DB.D, respectively.

The purchase and payment for the common shares and debentures will be made by Storagevault through the facilities of the TSX or alternative trading systems. National Bank Financial Inc. has been selected as Storagevault's agent for the NCIB. The price paid for the common shares or debentures, as applicable, will be, subject to NCIB pricing rules contained in securities laws, the prevailing market price of such common shares or debentures, as applicable, on the TSX at the time of such purchase. Storagevault intends to finance the purchases out of available cash.

Storagevault believes that the market price of its common shares and debentures may not reflect their underlying value and the board of directors has authorized this initiative because, in the board's opinion, the proposed purchase of common shares and debentures pursuant to the NCIB constitutes an appropriate use of Storagevault's funds, and the repurchase of its common shares and debentures is one way of creating securityholder value.

To the knowledge of Storagevault, no director, senior officer or other insider of Storagevault currently intends to sell any common shares or debentures under the NCIB. However, sales by such persons through the facilities of the TSX may occur if the personal circumstances of any such person changes or any such person makes a decision unrelated to these NCIB purchases. The benefits to any such person whose common shares or debentures are purchased would be the same as the benefits available to all other holders whose common shares or debentures are purchased.

Storagevault conducted a previous NCIB for up to 18,314,775 common shares, $3.75-million previously outstanding 5.75 per cent senior unsecured hybrid debentures of the corporation issued in July, 2020, and due on Jan. 31, 2026 (which have been repaid in full) (2020 debentures), $2,873,750 2021 debentures and $7,491,850 2023 debentures through the facilities of the TSX, which NCIB will end on March 20, 2026. Pursuant to the previous common share NCIB, up to March 9, 2026, Storagevault purchased an aggregate of 1,288,375 common shares, at a volume weighted average price of $3.91 per common share. No 2020 debentures, 2021 debentures or 2023 debentures were purchased.

About Storagevault Canada Inc.

Storagevault currently owns and operates 265 storage locations across Canada. Storagevault owns 232 of these locations plus over 5,000 portable storage units representing over 13.2 million rentable square feet on 768 acres of land. Storagevault also provides last-mile storage and logistics' solutions and professional records management services, such as document and media storage, imaging, and shredding services.

We seek Safe Harbor.