Mr. Pierre Turcotte Files an Early Warning Report

Montreal, Quebec--(Newsfile Corp. - September 2, 2026) - Mr. Pierre Turcotte, Chairman of the Board of Directors of Alithya Group inc. ("Alithya"), filed today an early warning report with respect to his holding of Class B multiple voting shares ("Class B Shares") of Alithya, as required by applicable securities laws.

On September 2, 2026, Mr. Turcotte acquired 75,000 Class B Shares from Mr. Ghyslain Rivard, a director of Alithya, for an aggregate purchase price of $84,165.75 (the "Acquisition"). The Acquisition was made in the context of a sale, for estate planning purposes, of an aggregate of 150,000 Class B Shares to Mr. Turcotte and Mr. Paul Raymond, President and Chief Executive Officer of Alithya, in equal parts. The price per Class B Share was $1.12221, being the volume weighted average trading price of the Class A subordinate voting shares ("Class A Shares") of Alithya on the Toronto Stock Exchange for the 20 trading days immediately preceding the Acquisition.

Before the Acquisition, a total of 7,326,880 Class B Shares and 89,438,673 Class A Shares were issued and outstanding and Mr. Turcotte personally held 365,884 Class B Shares (representing 4.99% of the issued and outstanding Class B Shares) and 9387-1010 Québec inc., a company controlled by Mr. Turcotte ("QuebecCo"), owned 1,468,858 Class B Shares (representing 20.05% of the issued and outstanding Class B Shares). This represented, in the aggregate (the "Total Class B Ownership"), 1,834,742 Class B Shares beneficially owned and controlled by Mr. Turcotte (representing 25.04% of the issued and outstanding Class B Shares).

Pursuant to the Acquisition, Mr. Turcotte acquired 75,000 Class B Shares, representing 1.02% of the issued and outstanding Class B Shares, resulting in a Total Class B Ownership of 1,909,742 Class B Shares (representing 26.06% of the issued and outstanding Class B Shares).

In addition, Mr. Turcotte personally holds 439,300 Class A Shares and 348,922 deferred share units which settle in Class A Shares (all of which are vested, but none of which can be settled within 60 days), and Triaxions Technology Inc., a company controlled by Mr. Turcotte ("Triaxions"), owns 51,400 Class A Shares.

Mr. Turcotte is the president of Triaxions and QuebecCo and has the sole power to direct investments and vote their securities. Triaxions and QuebecCo may be considered to be joint actors with Mr. Turcotte.

The Acquisition was made pursuant to the "private agreement exemption" from the take-over bid requirements set out in Section 4.2 of National Instrument 62-104 - Take-Over Bids and Issuer Bids, the Acquisition having been made from a single seller and the consideration paid for the Class B Shares acquired not being greater than 115% of the value of such Class B Shares.

For further information or to obtain a copy of the early warning report filed by Mr. Turcotte (which is available under Alithya's SEDAR+ profile at www.sedarplus.ca), please contact:

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES AND NOT
FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312646

You May Also Be Interested In

• F4 Mobile MT Strengthens Geophysical Targeting at Wales Lake
• T-Mobile Supports Indiana Communities Following Severe Weather and Prolonged Power Outages
• Argyle Announces Closing of LIFE Offering and Private Placement