Early warning press release on internal restructuring for estate planning purposes

Montreal, Quebec–(Newsfile Corp. – September 3, 2024) – Douglas G. Holdings Inc. (“DouglasCo“), a company controlled by Mr. Douglas Goodfellow, a member of the Board of Directors of Goodfellow Inc. (TSX: GDL) (“Good guy” or the “Company“), today announced an internal reorganization conducted for estate planning purposes (the “reorganization“). The aim of this reorganization was to divide the shares of Les Placements Lac St-Louis Inc. (“Placements“) between the two families of Mr Douglas Goodfellow and Mr David Goodfellow, each of whom indirectly held 50% of the shares of Placements, which owns the interest in Goodfellow.

The placements comprised 3,348,434 shares of the Company, representing 39.47% of the Company’s issued and outstanding shares. The placements comprised 20,000 issued and outstanding Class A shares and 15,764 Class B preferred shares.