Information Services puts itself on the block

Mr. Joel Teal reports ISC ANNOUNCES STRATEGIC REVIEW Information Services Corp.'s board of directors has been undertaking a review of strategic alternatives to identify opportunities to maximize value for all shareholders. This initiative is led by a special committee of the board, which has been established and mandated to carry out this work. This strategic review is the deliberate and logical continuation of the company's strategy for long-term value maximization. While recent milestones -- such as the extension of its master service agreement in 2023 and the accretive growth strategy announced in 2024 -- have further advanced this approach, the strategic review will guide the company's next phase of disciplined, value-driven growth and ensure its strategic priorities remain aligned with evolving opportunities. Activities core to the company's strategy have been under way since the extension of the MSA and were formalized earlier this summer through the formation of the special committee, solely comprising elected independent directors. The special committee has been overseeing the analysis and evaluation of the company's business strategy and optimization opportunities, while also considering value-maximizing alternatives that are in the best interests of the company. The strategic review is considering a wide range of potential outcomes, such as asset divestments, acquisitions, transformative business combinations or a sale of the company. Information Services anticipates that Crown Investments Corp. of Saskatchewan (CIC), as the company's largest shareholder, will consider any outcome of the strategic review subject to provisions to protect the province's best interests and Saskatchewan jobs. "ISC's board and management team are committed to continuing to explore opportunities to maximize value for all shareholders," said Joel Teal, board chair. "ISC's business continues to perform well, in line with our historically strong and consistent results and execution against our strategy. While the board believes the company's valuation will, in time, reflect the true value of its business, undertaking a thorough review of strategic alternatives through the special committee and with the support of the government of Saskatchewan is a prudent step to ensure that ISC's fair value is appropriately recognized." The company has chosen to publicly announce this strategic review at this time as part of its value-maximizing strategy. Information Services' board and management team are firmly united in their commitment to a transparent and deliberate process. The company will communicate material developments with all shareholders when and if appropriate. In the interim, shareholders can be confident that Information Services' leadership remains dedicated to acting in the best interests of the company during this exciting time for Information Services, with continued focus on the company's strategy and its unwavering commitment to customers and employees in the company's day-to-day operations. Information Services cautions that there can be no assurance that the strategic review will result in a transaction or, if a transaction is undertaken, as to its terms, timing or completion. The company has engaged RBC Capital Markets as its financial adviser and Stikeman Elliott as its legal adviser for the strategic review. About Information Services Corp. Headquartered in Regina, Sask., Information Services is a leading provider of registry and information management services for public data and records. Throughout its history, the company has delivered value to its clients by providing solutions to manage, secure and administer information through its registry operations, services and technology solutions segments. Information Services is focused on sustaining its core business while pursuing new growth opportunities. The Class A shares of Information Services trade on the Toronto Stock Exchange under the symbol ISC. We seek Safe Harbor.