Computer Modelling Group Ltd. Announces Exemptive Relief Obtained in Connection with Its Substantial Issuer Bid

CALGARY, Alberta, Sept. 16, 2026 (GLOBE NEWSWIRE) — Computer Modelling Group Ltd. (“ CMG ” or the “ Company ”) (TSX: CMG) is pleased to announce that, in connection with its ongoing substantial issuer bid (the “ SIB ”) to purchase for cancellation up to C$20,000,000 in value of its common shares (the “ Shares ”), the Alberta Securities Commission, as CMG’s principal regulator, has granted an exemptive relief order exempting CMG from complying with certain extension take up, proportionate take up and related disclosure requirements. The exemptive relief applies in all jurisdictions of Canada.

The SIB is being made by way of a “modified Dutch auction”, allowing shareholders who choose to participate in the SIB to tender Shares in three ways:

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Upon expiry of the SIB, CMG will determine the lowest price per Share (which will not be more than C$4.50 per Share and not less than C$4.00 per Share) that will enable it to purchase all of the Shares collectively tendered pursuant to Auction Tenders at Auction Prices less than or equal to that price and Purchase Price Tenders, having an aggregate purchase price that does not exceed the Auction Tender Limit Amount (as defined below) (the “ Purchase Price ”); provided that if the aggregate purchase price for Shares collectively tendered pursuant to Auction Tenders at Auction Prices equal to the Minimum Purchase Price and Purchase Price Tenders exceeds the Auction Tender Limit Amount, the Purchase Price will be the Minimum Purchase Price. The term “ Auction Tender Limit Amount ” means the amount equal to: (a) $20,000,000 less, (b) the product of (i) $20,000,000 and (ii) a fraction, the numerator of which is the aggregate number of Shares owned by shareholders making valid Proportionate Tenders, and the denominator of which is the aggregate number of Shares outstanding at the Expiration Date (as defined below).