Western Investment Company Gives Notice of Trade Resumption on April 23, 2024 and Provides Update on the Shares it has Secured in Fortress Insurance - Seite 2

• Grow the Fortress platform to $100 million per annum in written premiums by 2028 through a combination of prudent organic growth and accretive acquisitions; and
• Continue managing Western’s non-insurance holdings as long-term investments.

You can watch a recording of the webcast that took place on March 27, 2024 here.

Completion of the Transaction (including any rights offering) is subject to the approval of the Exchange, shareholder approval and various other conditions. The Transaction as contemplated constitutes a Change of Business under the policies of the TSXV.

This resumption of trading does not constitute acceptance of the Change of Business, and should not be construed as an assurance of the merits of the Transaction or the likelihood of completion. The Corporation is required to submit to the TSXV all of the required initial documentation relating to the Change of Business within 75 days of the issuance of the news release announcing the Change of Business. If this documentation is not provided, or is insufficient, a trading halt may be re-imposed.

Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and shareholder approval. There is a risk that the Transaction will not be accepted or that the terms of the Transaction may change substantially prior to acceptance. Should this occur a trading halt may be re-imposed.

About The Western Investment Company of Canada Limited
Western is a unique publicly traded, private equity company founded by a group of successful Western Canadian businesspeople, and dedicated to building and maintaining ownership in successful Western Canadian companies, and helping them to grow. Western's shares are traded on the Exchange under the symbol WI.

For more information on Western, please visit its website at www.winv.ca.

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CONTACT INFORMATION - The Western Investment Company of Canada Limited

Scott Tannas President and Chief Executive Officer [phone] [e-mail]

Advisories
Completion of the Transaction and the Share Purchases are subject to a number of conditions, including but not limited to, TSXV acceptance and if applicable, disinterested shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.