OTTAWA BANCORP, INC. EXTENDS STANDSTILL AGREEMENT WITH STILWELL GROUP

Core Viewpoint - Ottawa Bancorp, Inc. has extended its standstill agreement with the Stilwell Group, which will now remain effective until the close of business on the date of the Company's 2027 Annual Meeting of Stockholders [1] Group 1: Agreement Details - The original agreement was established on March 20, 2024, and was set to expire at the Company's 2026 Annual Meeting of Stockholders [2] - The Company has agreed to nominate and support Mark D. Alcott for election to the Board of Directors for a term expiring at the 2027 Annual Meeting [3] - The Company will use commercially reasonable efforts to repurchase at least five percent of its outstanding shares during fiscal year 2026, subject to regulatory approvals [3] Group 2: Shareholder Information - The Stilwell Group owns 353,311 shares, representing 15.4% of the Company's common stock, and has regulatory approval to purchase up to 19.99% [4] - During the extended term of the Agreement, the Stilwell Group is restricted from acquiring additional shares, proposing any Company Transactions, or influencing the management of the Company [4] Group 3: Management Commentary - The President and CEO of the Company expressed satisfaction with Mr. Alcott's contributions to the Board and emphasized the commitment to capital management strategies to maximize stockholder value [5] - Mr. Alcott has indicated his eagerness to continue serving on the boards for the benefit of all stockholders [6]