iA Financial Group Announces Offering of $500 million of 4.158% Fixed/Floating Unsecured Subordinated Debentures

The shelf prospectus supplement, the corresponding base shelf prospectus and any amendment to the documents will be accessible through SEDAR+ within two business days.

Not for distribution to U.S. newswire services or for dissemination in the United States.

QUEBEC CITY, May 22, 2026--(BUSINESS WIRE)--iA Financial Group (the "Company") announced today an offering of $500 million aggregate principal amount of 4.158% fixed/floating unsecured subordinated debentures (the "Debentures") due May 26, 2036 (the "Offering").

The Offering is expected to close on or about May 26, 2026. The Company intends to use the net proceeds from the sale of the Debentures for general corporate purposes, which may include investments in subsidiaries and repayment of indebtedness.

The Debentures will mature on May 26, 2036. Interest on the Debentures at the rate of 4.158% per annum will be payable in arrears in equal semi-annual installments on May 26 and November 26, in each year, commencing on November 26, 2026 and continuing until May 26, 2031. From May 26, 2031, interest on the Debentures will be payable at a rate per annum equal to Daily Compounded CORRA plus 1.15% payable quarterly in arrears on the 26^th day of each of February, May, August and November in each year, commencing on August 26, 2031.

The Offering is being done on a best efforts agency basis by a syndicate of agents led by RBC Capital Markets, BMO Capital Markets and CIBC Capital Markets, as co-leads and bookrunners, and including, National Bank Financial Markets, Scotiabank, TD Securities, iA Private Wealth Inc., Casgrain & Company Limited and UBS Investment Bank.

The Debentures will be offered in each of the provinces of Canada under a shelf prospectus supplement (the "Prospectus Supplement") to the Company’s short form base shelf prospectus dated May 12, 2026 (the "Shelf Prospectus").

Access to the Prospectus Supplement, the Shelf Prospectus and any amendments to the documents is provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment to the documents. The Shelf Prospectus is, and the Prospectus Supplement will be (within two business days), accessible on SEDAR+ at www.sedarplus.com.

An electronic or paper copy of the Prospectus Supplement, the Shelf Prospectus and any amendment to the documents may be obtained, without charge, from RBC Dominion Securities Inc. by contacting torontosyndicate@rbccm.com, from BMO Capital Markets by contacting DCMCADSyndicateDesk@bmo.com or from CIBC Capital Markets by contacting Mailbox.CIBCDebtSyndication@cibc.com, by providing the contact with an email address or address, as applicable.

Notice

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offering, solicitation or sale would be unlawful.

The Debentures have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities laws of any state of the United States of America, and may not be offered, sold or delivered, directly or indirectly, within the United States, its territories, its possessions and other areas subject to its jurisdiction or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act), except in certain transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities within the United States.

About iA Financial Group

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares).

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iA Financial Group is a business name and trademark of iA Financial Corporation Inc.

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Contacts

Investor Relations
Caroline Drouin
Office phone: 418-684‐5000, ext. 103281
Email: caroline.drouin@ia.ca

Public Affairs
Chantal Corbeil
Office phone: 514-247-0465
Email: chantal.corbeil@ia.ca