FIRST NATIONAL FINANCIAL CORPORATION FILES MANAGEMENT INFORMATION CIRCULAR FOR SPECIAL MEETING OF SHAREHOLDERS AND CONFIRMS RECEIPT OF INTERIM ORDER FOR PREVIOUSLY ANNOUNCED PLAN OF ARRANGEMENT

TORONTO, Sept. 2, 2025 /CNW/ - First National Financial Corporation (the "Company" or "First National") (TSX:FN.TO) (TSX:FN-PR-A.TO) (TSX:FN-PR-B.TO) today announced the filing of its management information circular (the "Circular") and related materials for the special meeting (the "Meeting") of holders (the "Shareholders") of common shares (the "Shares") of First National to approve the previously-announced plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement"), pursuant to which a newly-formed acquisition vehicle (the "Purchaser") controlled by private equity funds managed by Birch Hill Equity Partners and private equity funds managed by Brookfield Asset Management will acquire all of the outstanding Shares, other than certain Shares owned by the Company's founders, Stephen Smith and Moray Tawse (together with their associates and affiliates, the "Rollover Shareholders"), for $48.00 per Share in cash (the "Consideration"), all as more particularly described in the Circular (the "Transaction"). As part of the Transaction, the Rollover Shareholders, who currently hold approximately 37.4% and 34.0%, respectively, of the outstanding Shares, will each sell approximately two-thirds of their current shareholdings in the Company for the same cash consideration per Share as other shareholders, and have agreed to exchange their remaining Shares (the "Rollover Shares") for indirect 19% ownership interests in the Purchaser, respectively.