Enterprise Group Announces Renewal of Normal Course Issuer Bid

• Enterprise Group received TSX acceptance to renew its Normal Course Issuer Bid (NCIB), authorizing the repurchase of up to 5,754,150 common shares, representing approximately 10% of the public float.
• The bid commences April 2, 2026, and expires April 1, 2027, with a daily purchase limit of 36,186 shares (25% of the 6-month average daily volume of 144,747 shares).
• Over the prior 12-month period, the company repurchased 1,266,500 shares at a weighted-average price of $1.31 per share.
• Acquired shares will be cancelled, and the Board views the program as an appropriate use of available capital given current market conditions.

• The NCIB renewal is a standard corporate governance action that signals management confidence in the company's intrinsic value and cash-generating capacity.
• It does not introduce new operational catalysts, alter the strategic trajectory, or change the fundamental valuation drivers.
• The daily volume cap (36,186 shares) limits the program's immediate price-support impact, especially given the stock's recent decline and low liquidity.
• The historical repurchase price of $1.31 sits above the current $1.25 trading level, offering mild downside cushion, but the program is incremental rather than transformative.

• Enterprise Group operates in the energy services sector, specializing in power generation equipment leasing, servicing, and natural gas microgrid deployment.
• The flagship initiative is Evolution Power Solutions, formed following the $20 million acquisition of Flex Leasing Power and Service ULC. This entity grants Enterprise exclusive Canadian OEM representation for FlexEnergy turbines.
• The business model focuses on replacing diesel generators with natural gas-powered turbine microgrids for oil and gas producers, targeting emissions reduction, operational efficiency, and long-term service contracts.
• Geographic operations are concentrated in Western Canada, with a noted strategic shift from Northeastern B.C. to Alberta.