FIRST NATIONAL ANNOUNCES SHAREHOLDER APPROVAL OF PREVIOUSLY ANNOUNCED PLAN OF ARRANGEMENT

TORONTO, Sept. 30, 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 voting results from its special meeting of holders (the "Shareholders") of common shares (the "Shares") of First National held today (the "Meeting") in connection with 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 Management Inc. 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 "Transaction").