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Autocanada completes repurchase of ia Financial Group investment and exits digital business. Sep 28, 2026, 08:00 ET Closure of Online C2C F&I and Kijiji Instant Cash Offer Businesses Sharpens Focus on Core Dealership and Collision Operations Key Highlights * AutoCanada has repurchased iA Financial Group's 10% interest in 15154871 Canada Inc. for $8.0 million. * The Company is discontinuing its Online C2C F&I and Kijiji-based instant cash offer businesses to focus resources on its core dealership and collision operations. * In the trailing twelve months ended June 30, 2026, the Online C2C F&I Business and ICO Businesses generated approximately $3.6 million in revenue and incurred a net loss of $6.0 million. * iA Financial Group continues to be a strong partner, providing third-party insurance and warranty products across AutoCanada's dealership network. EDMONTON, AB, Sept. 28, 2026 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a leading Canadian multi-location automobile dealership and collision repair group, today announced that it has repurchased iA Financial Group's[1] 10% common equity interest in 15154871 Canada Inc. for $8.0 million in cash. The transaction concludes the parties' investment arrangement relating to AutoCanada's online consumer-to-consumer finance and insurance business (the "Online C2C F&I Business") and its Kijiji-based instant cash offer business (the "ICO Business"). AutoCanada is discontinuing these businesses to focus resources on its core dealership and collision operations. In the trailing twelve months ended June 30, 2026, the Online C2C F&I Business and ICO Businesses generated approximately $3.6 million in revenue and incurred a net loss of $6.0 million. "iA Financial Group is a great partner to AutoCanada and an important provider of third-party insurance and warranty products across our dealership network." said Samuel Cochrane, Chief Executive Officer of AutoCanada. "As a Company, our priority is clear: to be the best operator of automotive dealerships and collision centres in Canada. This requires disciplined allocation of capital and management attention. We will act decisively when an initiative is loss-making, does not meet our return requirements or distracts from our core operations." About AutoCanada AutoCanada's Dealership Operations segment operates 61 franchised dealerships in Canada, representing 23 automotive brands across eight provinces, as well as three independent used vehicle dealerships. In 2025, AutoCanada's Canadian dealerships sold approximately 71,000 new and used retail vehicles. AutoCanada's U.S. dealership portfolio is classified as discontinued operations as the Company progresses its sale. AutoCanada's Collision Operations segment, operating under the ACX brand, operates 38 collision centres supported by 26 original equipment manufacturer certifications covering 37 vehicle brands. Collision Operations supports customer retention across multiple touchpoints in the automotive ownership lifecycle. Additional Information Additional information about AutoCanada is available at www.autocan.ca and on SEDAR+ at www.sedarplus.ca. | [_______________ 1] iA Financial Group is a business name and trademark of iA Financial Corporation Inc. and Industrial Alliance Insurance and Financial Services Inc. | SOURCE AutoCanada Inc. For Further Information Contact: Mike Woodward, Chief Financial Officer, Phone: (825) 401-5530, Email: [email protected]

iA Financial Group names Nicolas Coulombe as new CIO. Nicolas Coulombe rises from IT service delivery vice-president as iA continues its pattern of internal succession 24 Sep 2026 iA Financial Group has appointed Nicolas Coulombe (pictured) as executive vice-president of information technology and chief information officer, effective October 1, 2026, adding him to the company's Executive Committee. Coulombe succeeds Alain Bergeron, who will retire December 31 after leading iA's technology function since 2020, and will support the transition through year-end. "I sincerely thank Alain for his significant contribution, commitment and leadership," said Denis Ricard, iA's president and CEO. "He has helped bring technology and business closer together and leaves behind a strong team." Since joining in 2020, Bergeron helped strengthen collaboration between iA's technology teams and business units and encouraged the development of multidisciplinary teams built around shared objectives, rising from senior vice-president to his current executive vice-president title along the way. Coulombe's promotion is another internal succession. Coulombe currently serves as vice-president of IT service delivery at iA, giving him direct, existing familiarity with the technology organization he's now being elevated to lead. His background spans technology strategy, infrastructure and operations, cybersecurity, fraud prevention and IT governance, with prior senior roles in financial services and telecommunications before joining iA. "Nicolas's experience, leadership and knowledge of iA position him well to lead our technology function through its next stage of evolution," Ricard said. As with several other recent iA leadership moves, including the quantitative finance chair announcement tied to iA's growing, increasingly AI- and data-driven asset base, this succession keeps continuity within the organization rather than bringing in an outside hire. Part of iA's broader strategy. IBC's release frames this appointment around "the central role of technology, data, artificial intelligence and digital transformation" in iA's business model, language consistent with iA's own disclosed growth trajectory. The insurer's assets under management and administration reached $341.1 billion by the end of 2025, up 31% year over year, with 25% growth in premiums and deposits reported into 2026. Managing that kind of scale increasingly depends on the same data and AI infrastructure decisions the CIO role oversees, meaning Coulombe inherits a technology function that's become more strategically central to iA's overall growth story than a typical back-office IT mandate would be. For advisers distributing iA products, a CIO whose background spans cybersecurity, fraud prevention and IT governance arriving at a moment of rapid platform growth suggests the adviser-facing infrastructure is likely to become both more capable and more secure over the next renewal cycle.