Urbana Corporation – Renewal of Normal Course Issuer Bid

Core Viewpoint - Urbana Corporation has announced its intention to conduct a normal course issuer bid to purchase up to 3,107,305 of its non-voting Class A shares, representing 10% of the public float, as accepted by the Toronto Stock Exchange [1][4]. Group 1: Issuer Bid Details - The purchases under the bid may commence on September 9, 2025, and will terminate on the earlier of September 8, 2026, or upon completion of the purchases [2]. - Purchases will be made on the open market through TSX, Canadian Securities Exchange, or other permitted means, with Caldwell Securities Ltd. handling the purchases [3]. - The price for the shares will be the market price at the time of acquisition, and purchased shares will be cancelled [3]. Group 2: Purchase Limits and Previous Bids - Urbana will not purchase more than 2,584 Class A Shares on any given day through TSX, which is 25% of the average daily volume of 10,336 shares [3]. - Urbana previously sought approval to purchase up to 3,107,404 Class A Shares from September 9, 2024, to September 8, 2025, but had not purchased any shares under that bid as of August 29, 2025 [4]. Group 3: Rationale for Share Buyback - The company believes that the market price of its Class A Shares may be attractive at times, and purchasing shares would be an appropriate use of corporate funds, benefiting remaining shareholders [5].