Olympia Financial to sell Olympia Currency subsidiary

Executive Summary

• Olympia Financial Group Inc. entered into a definitive agreement to sell its wholly‑owned subsidiary, Olympia Currency and Global Payments Inc. (OCGPI), to Shift Connect Ltd.
• The transaction is intended to sharpen Olympia’s strategic focus while positioning OCGPI for growth under Shift Connect’s ownership; completion is expected on or before March 31 2026, subject to Bank of Canada approval and customary closing conditions.
• No immediate operational changes are anticipated for OCGPI clients, with continuity of service and expanded capabilities promised post‑closing.

Key Details

• Seller: Olympia Financial Group Inc. (TSX: OLY)
• Buyer: Shift Connect Ltd., a Canadian digital payments and fintech company.
• Asset Sold: 100 % of Olympia Currency and Global Payments Inc. (OCGPI), a boutique foreign‑exchange and global‑payments provider serving individuals and SMBs across Canada.
• Transaction Structure: Sale of equity interest in OCGPI; consideration terms not disclosed.
• Regulatory Requirement: Subject to approval by the Bank of Canada under the Retail Payment Activities Act (Canada) and other customary closing conditions.
• Closing Timeline: Anticipated completion on or before March 31 2026.
• Strategic Rationale – Seller: Allows Olympia Financial Group to concentrate on its core trust, corporate‑trust, and health‑services businesses.
• Strategic Rationale – Buyer: Enhances Shift Connect’s service offering with additional currencies, expanded banking relationships, and a broader global‑payment infrastructure.
• Operational Impact: Clients will experience continuity of service with no immediate changes; future enhancements include access to more currencies and upgraded payment capabilities.

Notable Quotes

“This transaction allows Olympia to sharpen its strategic focus while ensuring that Olympia Currency and Global Payments is well positioned for its next phase of growth,” – Craig Skauge, Executive Vice‑President, Olympia Financial Group.

“We are confident that Shift Connect is a strong partner for the business, its clients and its employees.” – Craig Skauge, Executive Vice‑President, Olympia Financial Group.