Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Guardian Capital Group Limited’s Shareholders Vote for the Proposed Plan of Arrangement With Desjardins Global Asset Management Inc.

Core Viewpoint - Guardian Capital Group Limited has received recommendations from leading independent proxy advisory firms ISS and Glass Lewis to vote in favor of a special resolution for a plan of arrangement that offers shareholders C$68.00 per share, representing significant premiums over previous trading prices [1][2][3] Summary by Sections Arrangement Details - The Arrangement offers shareholders a cash consideration of C$68.00 per share, which is a premium of 66% over the last closing price of Class A Shares and 48% over Common Shares as of August 27, 2025 [1] - The premium also reflects a 65% and 54% increase over the 30-day volume-weighted average trading price for Class A and Common Shares, respectively [1] Recommendations - ISS stated that the offer represents a meaningful premium to the unaffected price and that the valuation appears reasonable, highlighting the immediate cash exit for non-rolling shareholders [2] - Glass Lewis concluded that the proposed transaction is favorable for public shareholders, considering the company's standalone prospects and the negotiation process [2] Board of Directors' Position - The Board of Directors, after receiving legal and financial advice, unanimously recommends that shareholders vote for the Arrangement, deeming it in the best interests of the company and fair to shareholders [3] Meeting Information - A special meeting for shareholders to vote on the Arrangement is scheduled for October 23, 2025, with a proxy voting deadline of October 21, 2025 [4][5] Voting Process - Shareholders are encouraged to vote online or by telephone due to potential delays in mail delivery caused by a national postal strike [8][9] Rollover Shareholders - Certain shareholders, referred to as Rollover Shareholders, will receive a mix of shares and cash as part of the Arrangement, with a total of 7,667,390 shares being transferred [9][11]