Mr. Andrew Tamlin reports

TWC ENTERPRISES LIMITED ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

TWC Enterprises Ltd. has accepted a notice filed by TWC of its intention to make a normal course issuer bid through the facilities of the Toronto Stock Exchange or alternative Canadian trading systems.

The notice provides that TWC may, during the 12-month period commencing Sept. 20, 2025, and ending Sept. 19, 2026, purchase up to 1,208,438 common shares in total, being approximately 5 per cent of the issued and outstanding common shares. The price that TWC will pay for any such common shares will be the market price at the time of acquisition. Management of TWC will determine the actual number of common shares that may be purchased and the timing of any such purchases.

Under the current normal course issuer bid due to expire Sept. 19, 2025, TWC sought to purchase up to 1,218,842 common shares through the facilities of the TSX or alternative Canadian trading systems. TWC purchased 233,483 common shares for cancellation under this bid at an average cost per share of $21.80. As of Sept. 12, 2025, there were 24,168,762 common shares outstanding. TWC average daily trading volume for the prior six months is 970. Daily purchases will be limited to 1,000 common shares, other than block purchase exceptions.

TWC believes that its common shares have been trading in price ranges which do not adequately reflect their value in relation to the business of TWC and its future business prospects. As a result, depending upon future price movements and other factors, TWC believes that its outstanding common shares may represent an attractive investment. Furthermore, the purchases are expected to benefit all persons who continue to hold common shares by increasing their proportionate interest in TWC. All common shares purchased by TWC under the normal course issuer bid will be cancelled.

About TWC Enterprises Ltd.

TWC is engaged in golf club operations under the trademark, "ClubLink one membership more golf." TWC is Canada's largest owner, operator and manager of golf clubs with 47 18-hole equivalent championship and 2.5 18-hole equivalent academy courses (including three managed properties) at 35 locations in Ontario, Quebec and Florida.