Calgary, Alberta--(Newsfile Corp. - August 27, 2026) - Olympia Financial Group Inc. (TSX: OLY) ("Olympia" or the "Corporation") is pleased to announce that the Supreme Court of British Columbia has granted the final order (the "Final Order") in connection with the previously announced plan of arrangement in accordance with section 288 of the Business Corporations Act (British Columbia), pursuant to which existing management agreements of the Corporation and Olympia Trust Company ("OTC") with Tarman ATM Inc. ("Tarman") and certain members of senior management will be terminated in exchange for cash or a combination of cash and common shares of the Corporation (the "Transaction").

Prior to the Final Order, Olympia's shareholders approved the Transaction at an annual and special meeting (the "Meeting") of the Corporation held on August 24, 2026. Detailed voting results for the special resolution approving the Transaction and other matters considered at the Meeting are available on SEDAR+ at sedarplus.ca.

Notwithstanding that the Final Order and shareholder approval in respect of the Transaction have been obtained, the Transaction remains subject to the satisfaction or waiver of further conditions, including the receipt of third party debt financing and approval from the Minister of Finance (Alberta) pursuant to the Loan and Trust Corporations Act (Alberta) pursuant to the terms of the reorganization agreement entered into on July 15, 2026 among Olympia, OTC, Tarman and the members of senior management participating in the Transaction (the "Reorganization Agreement"). Further details in respect of the Transaction are included in the Corporation's management information circular dated July 17, 2026 prepared in connection with the Meeting, and in the Reorganization Agreement, each of which are available on SEDAR+ at www.sedarplus.ca.

About Olympia Financial Group Inc.

Olympia conducts most of its operations through its subsidiary OTC, a non-deposit taking trust company. OTC is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. OTC administers self-directed registered plan accounts, corporate trust, and transfer agency services. Olympia also offers private health services plans through its subsidiary Olympia Benefits Inc.

Olympia's common shares are listed on the Toronto Stock Exchange under the symbol "OLY".

Statements Regarding Forward-Looking Information

Certain portions of this press release as well as other public statements by Olympia contain "forward-looking information" within the meaning of applicable Canadian securities legislation, which is also referred to as "forward-looking statements", which may not be based on historical fact. Wherever possible, words such as "will," "plans," "expects," "targets," "continue," "estimates," "scheduled," "anticipates," "believes," "intends," "may," and similar expressions or statements that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved, have been used to identify forward-looking information. Forward-looking statements contained in Olympia's public disclosure include, without limitation, Olympia's earnings expectations, fee income, expense levels, general economic, political and market factors in North America and internationally, interest and foreign exchange rates, global equity and capital markets, business competition, technological change, changes in government regulations, unexpected judicial or regulatory proceedings, catastrophic events, and Olympia's ability to complete strategic transactions and other factors. In addition, this news release contains forward-looking statements relating to: the expected structure, steps, timing and effect of the Transaction and the anticipated receipt of all required approvals for, and the satisfaction of all conditions in respect of, the Transaction, including the timing thereof.

All material assumptions used in making forward-looking statements are based on management's knowledge of current business conditions and expectations of future business conditions and trends, including their knowledge of the current interest rate and liquidity conditions affecting Olympia and the Canadian economy. Certain material factors or assumptions are applied by Olympia in making forward-looking statements, including without limitation, factors and assumptions regarding interest and foreign exchange rates, availability of key personnel, the effect of competition, government regulation of its business, computer failure or security breaches, future capital requirements, acceptance of its products in the marketplace, its operating cost structure, the current tax regime and the ability of Olympia to obtain necessary third-party and governmental approvals, as applicable.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311916

Source: Olympia Financial Group Inc.