RECIPE UNLIMITED COMPLETES GOING PRIVATE TRANSACTION WITH FAIRFAX FINANCIAL HOLDINGS LIMITED

TORONTO, Oct. 28, 2022 /CNW/ - Recipe Unlimited Corporation ("Recipe" or the "Company") (TSX:RECP.TO) is pleased to announce the closing of the previously announced statutory plan of arrangement (the "Transaction") pursuant to which, among other things, Fairfax Financial Holdings Limited, through 1000297337 Ontario Inc. (the "Purchaser"), acquired all of the issued and outstanding multiple voting shares ("MVS") and subordinate voting shares ("SVS", and together with MVS, the "Shares") in the capital of the Company (other than those Shares owned by FFHL and its affiliates (collectively "Fairfax") and 9,398,729 MVS owned by Cara Holdings Limited ("CHL")) at a price of $20.73 in cash per Share.