Stingray Renews Its Normal Course Issuer Bid

MONTREAL, Sept. 22, 2026 (GLOBE NEWSWIRE) — Stingray Group Inc. (TSX: RAY) (“Stingray” or the “Corporation”), the world’s leading connected streaming media company, today announced that the Toronto Stock Exchange (“TSX”) has approved the renewal of its normal course issuer bid (“NCIB”), authorizing Stingray to repurchase up to 4,420,643 subordinate voting and variable subordinate voting shares (the “Subordinate Shares”), representing approximately 10% of the “public float” (as defined in the TSX Company Manual) of Subordinate Shares as at September 14, 2026.

The net average daily trading volume for the six-month period preceding September 1, 2026 represents 39,657 Subordinate Shares. In accordance with TSX requirements, Stingray is entitled to purchase, on any trading day, up to a total of 9,914 Subordinate Shares representing 25% of this average daily trading volume.

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Stingray believes that the purchase of up to 4,420,643 Subordinate Shares under the NCIB is an appropriate use of its funds and a desirable investment for Stingray and, therefore, would be in the best interests of Stingray. By making such repurchases, the number of Subordinate Shares in circulation will be reduced and the proportionate interest of all remaining shareholders in the share capital of Stingray will be increased on a pro rata basis.

Stingray may repurchase Subordinate Shares on the open market through the facilities of the TSX as well as through other alternative Canadian trading systems as well as outside the facilities of the TSX pursuant to statutory exemptions or exemption orders issued by securities regulators, from time to time, over the course of twelve months commencing September 27, 2026 and ending at the latest on September 26, 2027.

The actual number of Subordinate Shares purchased under the NCIB, the timing of purchases and the price at which the Subordinate Shares are bought will depend upon management discretion based on factors such as market conditions. All shares repurchased under the NCIB will be cancelled upon their repurchase.

In connection with the NCIB, Stingray has established an automatic securities purchase plan with a designated broker whereby shares may be repurchased at times when such purchases would otherwise be prohibited pursuant to regulatory restrictions or self-imposed blackout periods. Under the automatic securities purchase plan, before entering a self-imposed blackout period, Stingray may, but is not required to, ask the designated broker to make purchases under the NCIB. Such purchases will be made at the discretion of the designated broker, within parameters established by Stingray prior to the blackout periods. Outside the blackout periods, purchases are made at the discretion of Stingray’s management. The automatic securities purchase plan constitutes an “automatic plan” for purposes of applicable Canadian securities legislation and has been pre-cleared by the TSX.