Mr. Blair Tamblyn reports

TIMBERCREEK FINANCIAL CORP. ANNOUNCES NORMAL COURSE ISSUER BID

Timbercreek Financial Corp. has obtained the approval of the Toronto Stock Exchange (the TSX) to commence a normal course issuer bid (the NCIB) with respect to its common shares. The NCIB will commence on June 12, 2026, and will terminate on the earlier of June 11, 2027, or the date on which the company has purchased the maximum number of shares permitted under the NCIB.

Under the NCIB, the company may, over a 12-month period commencing on June 12, 2026, purchase in the normal course through the facilities of the TSX in accordance with its rules or through alternative Canadian trading platforms up to a regulatory maximum of 8,187,306 shares, such amount representing 10 per cent of the public float of the shares issued and outstanding as of May 29, 2026. Furthermore, subject to certain exemptions for block purchases, the maximum number of shares that the company may acquire on any one trading day is 53,687 shares, such amount representing 25 per cent of the average daily trading volume (ADTV) of the shares for the six calendar months prior to the start of the NCIB, being 214,749 shares. As of May 29, 2026, there were 82,753,216 shares issued and outstanding.

Under the normal course issuer bid which commenced on June 12, 2025, and terminated on June 11, 2026, the company was authorized to purchase up to 8,191,740 shares and purchased zero shares on the open market.

The price which the company will pay for any shares under the NCIB will be the market price at the time of acquisition. During the period of the NCIB, the company may make purchases under the NCIB by means of open market transactions or otherwise as permitted by the TSX. All purchases under the NCIB will be purchased on the open market through the facilities of the TSX and alternative Canadian trading platforms at the prevailing market price at the time of such transaction. Any shares purchased by the company will be cancelled. National Bank Financial will conduct the bid on behalf of the company.

The company believes that the market price of its shares may not, from time to time, accurately reflect their underlying value, making the purchase of shares an attractive investment and an advantageous use of the company's available funds. The company expects that the purchase of shares will benefit remaining shareholders by increasing their equity interest in the company's assets.

There can be no assurance as to the precise number of shares that will be repurchased under the NCIB or the aggregate dollar amount of the shares purchased. The company may discontinue purchases at any time, subject to compliance with applicable regulatory requirements.

About Timbercreek Financial Corp.

Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors. The company's sophisticated, service-oriented approach allows the company to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, Timbercreek is able to meet these needs while targeting strong risk-adjusted returns for investors.

We seek Safe Harbor.