AIMIA ANNOUNCES DUAL LISTING ON JOHANNESBURG STOCK EXCHANGE

Aimia Inc. (TSX: AIM) has announced a dual listing of its common shares on the Johannesburg Stock Exchange (JSE), effective February 24, 2026. The company will be trading on the JSE under the share code "AII" and the international identification number CA00900Q1037. This strategic move is aimed at enhancing shareholder value, according to Executive Chair Rhys Summerton. He noted that the inward listing on the JSE would improve liquidity and accessibility for South African investors, potentially opening doors for investments from South African pension funds and facilitating Aimia’s plans to acquire controlling interests in public companies.

While Aimia will maintain its primary listing on the Toronto Stock Exchange (TSX), it clarified that the dual listing on the JSE will not result in any capital raise, and its issued share capital will remain unaffected. Additionally, the company’s preferred shares will continue to be traded exclusively on the TSX.

Aimia's dual listing aligns with its broader strategy to optimize its holdings and enhance the valuation of its stock. The company aims to reduce holding costs and narrow the gap between its share price and the intrinsic value of its businesses, while efficiently utilizing its loss carry-forwards for shareholder benefit.

Looking ahead, Aimia plans to explore additional listing opportunities on other exchanges, further increasing outreach to global investors. The company emphasizes that any forward-looking statements made in relation to its plans are subject to risks and uncertainties, and they should not be solely relied upon without considering potential changing factors in the business environment.

For more details, interested parties can visit Aimia's official website at www.aimia.com.

Aimia Inc.'s recent announcement of a dual listing on the Johannesburg Stock Exchange (JSE) represents a strategic maneuver aimed at enhancing shareholder value and expanding its global market outreach. With the dual listing set to commence on February 24, 2026, under the code “AII,” this initiative is poised to bolster liquidity and accessibility for South African investors, providing potential access for local pension funds to invest in the company.

Investors should consider several factors before this new listing. First, the dual listing might enhance Aimia's market visibility and attractiveness to a broader investor base, potentially leading to increased trading volumes. Given the company’s intent to facilitate acquisitions of other public entities, the added capital flow could strengthen Aimia’s competitive positioning.

However, while the dual listing does not involve a capital raise, investors should remain cautious. The absence of a capital raise means existing shareholders will not see immediate financial dilution or benefit from new capital influx. Therefore, attention should be focused on Aimia's underlying financial health and its strategic initiatives aimed at reducing holding company costs and enhancing shareholder value.

Aimia’s management acknowledges the challenges of executing their strategy effectively amidst market uncertainties. Therefore, investors should conduct ample due diligence, paying special attention to macroeconomic trends, the competitive landscape of South African markets, and the company’s execution on growth strategies.

Furthermore, potential investors should monitor Aimia's performance on the Toronto Stock Exchange to gauge investor sentiment in response to the listing. Overall, while the dual listing holds promise, the fundamental value of Aimia's shares hinges on strong management execution and the ability to realize its strategic objectives in an evolving market landscape. In summary, the dual listing could be beneficial, but it is essential to analyze Aimia's ongoing and future performance in the context of broader market conditions before making investment decisions.