Andrew Peller Limited Completes Going Private Transaction With Fairfax Financial Holdings Limited

GRIMSBY, Ontario, Aug. 14, 2026 (GLOBE NEWSWIRE) — Andrew Peller Limited (TSX: ADW.A / ADW.B) (“ Andrew Peller ” or the “ Company “) is pleased to announce the successful completion of its previously-announced plan of arrangement transaction (the “ Arrangement “) involving Fairfax Financial Holdings Limited (“ Fairfax “) and 18013632 Canada Inc. (the “ Purchaser “), a newly-formed and wholly-owned subsidiary of Fairfax.

Pursuant to the Arrangement, among other things, the Purchaser acquired all of the issued and outstanding Class A Non-Voting shares (the “ Class A Shares “) and Class B Voting shares (the “ Class B Shares “) of the Company (other than the Rollover Shares (as defined below)) for cash consideration of $8.00 per Class A Share and $12.00 per Class B Share (collectively, the “ Consideration “). In addition, pursuant to the Arrangement, John Edward Enterprises Inc. (“ JEEI “) and John Peller exchanged an aggregate of 5,246,517 Class A Shares and 1,994,212 Class B Shares beneficially owned and controlled by them (collectively, the “ Rollover Shares “) for shares in the capital of the Purchaser. As part of the Arrangement, the Company amalgamated with the Purchaser to form “Andrew Peller Limited / Andrew Peller Limitee” (“ Amalco “). The Arrangement became effective earlier today.

Registered shareholders are reminded that, in order to receive the Consideration in exchange for their Class A Shares and Class B Shares, they must complete, sign and return the applicable letter of transmittal to Computershare Investor Services Inc, in its capacity as depositary under the Arrangement, together with the certificate(s) representing their Class A Shares and Class B Shares, if applicable. If you have any questions or require further information regarding the procedures for receiving the Consideration, please contact Computershare Investor Services Inc., by telephone at 1-800-564-6253 (toll-free within North America) or by e-mail at [email protected].

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Non-registered shareholders should receive the Consideration to which they are entitled under the Arrangement directly in their brokerage accounts. Non-registered shareholders should contact their broker or other intermediary if they have any questions or require further information regarding the procedures for receiving the Consideration to which they are entitled under the Arrangement.

As a result of the completion of the Arrangement, the Class A Shares and Class B Shares are expected to be delisted from the Toronto Stock Exchange on or about August 17, 2026.