Please be advised that North American Fur Auctions Inc., et al. have filed with the Ontario Superior Court of Justice, Commercial List (the “Court”) a plan of compromise and arrangement dated January 11, 2024 (“Plan”) pursuant to the Companies’ Creditors Arrangement Act. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Plan and the Meeting Order dated January 17, 2024.

The Plan contemplates the compromise of rights and claims of certain of the Applicants’ creditors (as defined in the Plan, the “Affected Creditors”). There is one class of Affected Creditors under the Plan, being the Affected Creditors Class. The Plan also provides for comprehensive releases for a number of parties.

A meeting of the Affected Creditors (the “Meeting”) will be held at the office of Deloitte Restructuring Inc., located at 8 Adelaide Street West, Suite 200, Toronto, ON M5H 0A9, on February 21, 2024 beginning at 10:00 a.m. (Toronto time). The Meeting will also be available virtually by videoconference for the purpose of considering, and, if thought advisable by the Affected Creditors, voting in favour of a resolution (the “Resolution”) to approve the Plan and to transact such other business as may properly come before the Meeting or any adjournment thereof.

Please check the Monitor’s Website at https://www.insolvencies.deloitte.ca/en-ca/Pages/NorthAmericanFurAuctionInc.aspx. for documents related to the Plan, including the Meeting Order.