LEADING PROXY ADVISORY FIRMS ISS AND GLASS LEWIS RECOMMEND FIRST NATIONAL FINANCIAL CORPORATION SHAREHOLDERS VOTE FOR THE PROPOSED PLAN OF ARRANGEMENT WITH REGAL BIDCO INC.

TORONTO, Sept. 18, 2025 /CNW/ - First National Financial Corporation ("First National" or the "Company") (TSX: FN), is pleased to announce that the two leading proxy advisory firms, Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co. LLC ("Glass Lewis") have each recommended that the Company's shareholders vote FOR the special resolution (the "Arrangement Resolution") to approve the previously-announced plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement"), pursuant to which, Regal Bidco Inc. (the "Purchaser"), a newly-formed acquisition vehicle controlled by private equity funds managed by Birch Hill Equity Partners and private equity funds managed by Brookfield Asset Management has agreed to 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, (collectively, the "Rollover Shareholders"), for $48.00 per share in cash (the "Consideration").  The Arrangement Resolution will be considered for approval at the special meeting of shareholders of the Company (the "Meeting") to be held on September 30, 2025.