Computer Modelling Group Ltd. Announces Preliminary Results of Substantial Issuer Bid

CALGARY, Alberta, Sept. 22, 2026 (GLOBE NEWSWIRE) — Computer Modelling Group Ltd. (“ CMG ” or the “ Company ”) (TSX: CMG), announced today the preliminary results of its substantial issuer bid (the “ SIB ”), pursuant to which CMG offered to purchase for cancellation a number of its common shares (“ Shares ”) for an aggregate purchase price not to exceed C$20 million at a purchase price of not less than C$4.00 and not more than C$4.50 per Share. The SIB expired at 5:00 p.m. (Eastern time) on Monday, September 21, 2026.

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In accordance with the terms and conditions of the SIB and based on the Company’s preliminary calculations, CMG expects to take up and pay for approximately 4,444,444 Shares at a price of C$4.50 per Share under the SIB (the “ Purchase Price ”), representing an aggregate purchase price of approximately C$20 million and approximately 5.7% of the total number of CMG’s issued and outstanding Shares before giving effect to the SIB and on a non-diluted basis.

Based on the preliminary calculations of Olympia Trust Company (the “ Depositary ”) as depositary for the SIB, approximately 4,657,844 Shares were tendered to the SIB pursuant to auction tenders and purchase price tenders, of which it is anticipated that 3,933,678 Shares (approximately 84%) will be taken up and purchased. In addition, approximately 8,966,715 Shares were tendered pursuant to proportionate tenders, of which it is anticipated that approximately 510,766 Shares will be taken up and purchased.

None of CMG’s directors or executive officers participated in the SIB. EdgePoint Investment Group Inc., which held approximately 30.8% of the Shares before giving effect to the SIB, did not tender any Shares to the SIB.

Since the SIB was oversubscribed, shareholders who made auction tenders at or below the Purchase Price and shareholders who made, or were deemed to have made, purchase price tenders will have the number of Shares purchased prorated following the determination of the final results of the SIB (other than “odd lot” tenders, which are not subject to proration). CMG currently expects that shareholders who made auction tenders at or below the Purchase Price and purchase price tenders will have approximately 84% of their successfully tendered Shares purchased by CMG.

Shareholders who made valid proportionate tenders will have such number of Shares purchased by CMG as would permit such shareholders to maintain their same Share ownership percentage as existed prior to completion of the SIB (subject to rounding to avoid the purchase of fractional Shares).

After giving effect to the SIB, CMG expects to have approximately 73.6 million Shares issued and outstanding.

The number of Shares expected to be purchased, the proration factor, the Purchase Price and the aggregate purchase price referred to above are preliminary and remain subject to verification by the Depositary. Upon take up and payment of the Shares purchased, CMG will release the final results, including the final proration factor.