Aimia Inc. announced that In connection with and subject to the closing of the Private Placement, the Company will be appointing two highly qualified independent directors, Thomas Finke and Yannis Skoufalos, to Aimia's Board of Directors to fill two vacancies. Mr. Finke will be named Chairman of the Board and will expand the Board's expertise with his vast experience in finance and governance. Mr. Skoufalos will enhance the Board's expertise with his three decades of experience in supply chain management, procurement and logistics.

Both Mr. Finke and Mr. Skoufalos will be investing in the Private Placement and both are independent of the lead investor. Karen Basian, Interim Chair of the Board, will remain on the Board. Michael Lehmann will step down as a director upon the closing of the Private Placement but will remain in his executive role as President of Aimia.

With these changes, the Board will be reconstituted with eight directors, seven of whom will be independent. Thomas Finke: With over 30 years of experience in the asset management and investment industries, Mr. Finke is a seasoned financial services executive. Mr. Finke served as Chairman and Chief Executive Officer of Barings from 2016 through 2020.

He joined Barings' predecessor, Babson Capital Management, in 2002 when Babson acquired First Union Institutional Debt Management. Mr. Finke was appointed Chairman and CEO of Babson Capital in 2008 and also served as Executive Vice President and Chief Investment Officer of Massachusetts Mutual Life Insurance Company from 2008 until 2011. Currently, Mr. Finke is a director of the National Math and Science Initiative and a Trustee of Davidson College, and also serves on the Board of Directors of the global investment firm Invesco Ltd. and Alliance Entertainment Holdings Corporation.

Previously, Mr. Finke served as a director of the Barings Funds Trusts, Barings Global Short Duration Fund, and Barings Business Development Corp.Mr. Finke earned a Master of Business Administration degree from Duke University's Fuqua School of Business and a bachelor's degree from the University of Virginia'sMcIntire School of Commerce. Yannis Skoufalos: Mr. Skoufalos had a distinguished 35-year international career at Procter & Gamble (P&G), a U.S. headquartered consumer goods company with approximately US$81 billion in sales for the year 2022/23, approximately 57,000 employees, 115 manufacturing plants, more than 200 distribution centers, and that manages procurement of more than US$48 billion worth of goods and services. Mr. Skoufalos held supply chain roles of increasing responsibility and was the Global Product Supply Officer at P&G from 2011 to 2019, where he led a vast Supply Network encompassing procurement, manufacturing, customer service, distribution, quality assurance, engineering, and innovation program management.

In addition, Mr. Skoufalos worked across multiple industries as Senior Advisor at Blackstone and has gained non-executive experience with public and private companies. Mr. Skoufalos currently sits on the Board of Directors for Hostess Brands, a leading sweet snacks public company in the U.S., and for Sustana, a recycled paper fiber company privately held by Blackstone. He is also set to join the Board of Directors of Sandoz, a global leader in generic pharmaceuticals and biosimilars, upon its confirmed spin-off from Novartis.

Mr. Skoufalos earned a Master of Science in Food Engineering and a Bachelor of Science in Chemical Engineering from the University of Leeds, U.K.