Ms. Kathleen Persaud reports

WILDBRAIN ANNOUNCES FINAL RESULTS OF ITS SUBSTANTIAL ISSUER BID

Wildbrain Ltd. has taken up and will purchase for cancellation 13,793,103 of its common shares at a purchase price of $1.45 per common share under the company's substantial issuer bid for aggregate consideration of $19,999,999.35. The purchase price was determined under a modified Dutch auction process in a range of $1.30 to $1.45 per common share.

The common shares purchased under the offer represent approximately 6.50 per cent of the 212,330,664 common shares issued and outstanding as of Nov. 3, 2026. The offer was announced on Sept. 29, 2026. After giving effect to the offer, 198,537,561 common shares will be issued and outstanding.

A total of 14,263,529 common shares were properly tendered to the offer and not withdrawn. Payment for the purchased common shares will be effected by Computershare Investor Services Inc. (the depositary) in accordance with the offer and applicable law. Common shares tendered above the purchase price or not purchased due to proration will be returned promptly. The final proration factor for common shares tendered other than pursuant to qualifying odd-lot tenders was approximately 96.70 per cent.

Fine Capital Partners LP, which beneficially owned or exercised control or direction over 96,120,526 common shares, representing approximately 45.27 per cent of the company's issued and outstanding common shares, did not participate in the offer. Following completion of the offer, Fine Capital beneficially owns or exercises control or direction over the same number of common shares, representing approximately 48.41 per cent of the company's issued and outstanding common shares as of the date hereof.

The full details of the offer are described in the offer to purchase and issuer bid circular dated Sept. 29, 2026, as well as the related letter of transmittal and notice of guaranteed delivery, copies of which were filed and are available on SEDAR+.

About Wildbrain Ltd.

At Wildbrain, the company builds and grows beloved family brands through exceptional entertainment experiences. Home to franchises such as Strawberry Shortcake, Teletubbies, Yo Gabba Gabba, Inspector Gadget and Degrassi, Wildbrain is a global leader in franchise management -- bringing stories to life through content production, audience reach and consumer products. Wildbrain's award-winning studio has partnered with top global platforms such as Apple TV, Netflix and BBC, producing acclaimed series such as The Snoopy Show, Strawberry Shortcake: Berry in the Big City, Teletubbies (2015), Yo Gabba GabbaLand and Finding Her Edge. The Wildbrain Network, offering more than 1,000 channels across YouTube, FAST (free ad-supported streaming television) and AVOD (advertising-supported video-on-demand), delivers premium-quality content to today's kids and families wherever they are watching -- connecting advertisers to audiences at scale through brand-safe media solutions. Wildbrain CPLG, the company's global licensing and consumer products arm, represents Wildbrain's own brands and partner brands across major territories around the world. Headquartered in Toronto, Wildbrain trades on the Toronto Stock Exchange (symbol: WILD).

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