STOCKHOLDERS APPROVE STILWELL'S PROPOSAL TO SELL IF BANCORP

Group 1 - Stilwell Activist Investments, L.P. is one of the largest stockholders of IF Bancorp, Inc. and has called for a prompt sale of the company, which was approved by stockholders at the recent Annual Meeting by a 3:2 margin [1][4] - The Proposal for the sale of IF Bancorp is non-binding, but stockholders are urging the Board of Directors to act quickly [1][4] - If the sale does not occur promptly, Stilwell intends to seek board representation at the 2025 annual meeting of stockholders [2] Group 2 - The Proposal states that stockholders recommend the Board of Directors take necessary steps to effectuate a sale of the Company [3] - Stilwell believes that the returns on IF Bancorp's assets have been subpar for many years, and that stockholders would benefit from a sale at the earliest opportunity for the highest price available [4]