CGI Board Approves Buyback of 18.975 Million Class A Shares

CGI announced that its board of directors has authorized the renewal of its normal course issuer bid, subject to approval by the Toronto Stock Exchange. Under the terms of the NCIB, subject to TSX approval, the company may purchase for cancellation on the open market through the facilities of the TSX and the New York Stock Exchange and through alternative trading systems in Canada, as well as outside the facilities of the TSX pursuant to exemption orders issued by securities regulators or other statutory exemptions, up to 18,975,360 Class A shares, representing approximately 10% of the company's public float as of the close of business on January 23. The average daily trading volume of the Class A shares on the TSX for the six-month period ended December 31, 2025 was 460,867 Class A shares. Consequently, and in accordance with the requirements of the TSX, the daily purchase limit under the NCIB on the TSX will be 115,216 Class A shares, representing 25% of the ADTV. All Class A shares will be purchased at their market price at the time of acquisition, except for purchases effected outside the facilities of the TSX pursuant to exemption orders issued by securities regulators or other statutory exemptions which will be at a discount to the market price as provided in such exemption orders or in such statutes. All Class A shares purchased under the NCIB will be cancelled.