Titanium Announces Closing of Plan of Arrangement

• Titanium Transportation Group Inc. completed its previously announced plan of arrangement on March 31, 2026.
• All outstanding common shares (excluding rollover shareholders) were acquired by TTNM Management Acquisition Limited for $2.22 per share in cash.
• The transaction received 98.82% shareholder approval on March 10, 2026, and final court approval on March 18, 2026.
• Delisting from the TSX and OTCQX is expected on or around April 2, 2026.
• The company will cease to be a reporting issuer under Canadian securities laws.
• Registered shareholders must submit Letters of Transmittal to TSX Trust to receive cash consideration; non-registered holders must coordinate with their intermediaries.

• The closing is the final administrative execution of a transaction announced on January 15, 2026. It contains no new fundamental or operational information.
• The stock has traded in a tight arbitrage band between $2.18 and $2.22 since the initial announcement, fully pricing in the $2.22 deal value.
• The transaction removes public market liquidity and reporting obligations, shifting all operational and financial oversight to private management.
• For minority shareholders, the impact is a guaranteed 41% premium to the pre-announcement closing price, but it eliminates future upside participation and public transparency.

• Titanium operates a dual-segment transportation business: asset-based Truck Transportation and asset-light Logistics brokerage.
• The company has spent the past 18 months navigating a prolonged North American freight recession characterized by overcapacity, pricing pressure, and shifting cross-border trade dynamics.
• Strategic focus has centered on rightsizing the fleet, exiting unprofitable lanes, expanding U.S. brokerage offices (Dallas, Virginia Beach), and prioritizing margin preservation over top-line growth.
• Q3 2025 results showed modest revenue declines but achieved positive operating income in both segments for the second consecutive quarter, validating the operational restructuring.