TRUBAR INC. PROVIDES AN UPDATE ON CLOSING OF PROPOSED ARRANGEMENT

Executive Summary

• TRUBAR Inc. reports that all conditions precedent to its previously announced plan of arrangement with 1564128 B.C. Unlimited Liability Company (an affiliate of Turkey’s ETI Gida Sanayi ve Ticaret A.S.) have been satisfied, except for those that can only be fulfilled at closing.
• The parties anticipate the transaction will close on or about February 5, 2026, one business day after the Purchaser deposits the full aggregate consideration with the depositary and paying agent.
• Completion of the arrangement will result in the Purchaser acquiring 100% of TRUBAR’s issued and outstanding shares.

Key Details

• Transaction Structure: Plan of arrangement whereby the Purchaser acquires all issued and outstanding shares of TRUBAR.
• Counterparties: 1564128 B.C. Unlimited Liability Company (Purchaser), affiliate of ETI Gida Sanayi ve Ticaret A.S. (Turkish CPG company).
• Conditions Precedent: All satisfied except those that can only be met at the Effective Date, including deposit of funds representing the full aggregate consideration.
• Anticipated Closing Date: Expected on the business day following fund deposit, targeted for ≈ February 5, 2026.
• Consideration: Full aggregate purchase price to be paid by the Purchaser; exact amount not disclosed in this release.
• Closing Mechanics: Funds to be deposited with the designated depositary and paying agent; customary closing deliveries will be completed at that time.
• Regulatory Filings: Additional details are available on SEDAR+ under the Company’s profile (www.sedarplus.com).

Notable Quotes

(No direct quotes were provided in the release.)