Thunderbird Entertainment Group Inc. and Blue Ant Media Corporation Plan of Arrangement Update

Key Takeaways

• Thunderbird Entertainment Group Inc. has filed its management information circular in connection with its upcoming special meeting to be held on January 12, 2026.
• The meeting is being held for shareholders to consider and vote on a special resolution approving a plan of arrangement pursuant to which Blue Ant Media Corporation will acquire all of the issued and outstanding shares of Thunderbird.
• The consideration for the acquisition will be, at the option of each shareholder, 0.2165 Blue Ant subordinate voting shares per share, $1.77 in cash per share, or a combination thereof.
• The board of directors of Thunderbird unanimously recommends that shareholders vote for the arrangement resolution.
• The completion of the arrangement will be subject to obtaining the final order of the Supreme Court of British Columbia, obtaining applicable regulatory approvals, and other customary closing conditions.

Introduction to Thunderbird Entertainment Group Inc.
Thunderbird Entertainment Group Inc. is a global award-winning, full-service multiplatform production, distribution, and rights management company. The company is headquartered in Vancouver, with a team in Los Angeles, and creates award-winning scripted, unscripted, and animated programming for the world’s leading digital platforms, as well as Canadian and international broadcasters. Thunderbird develops, produces, and distributes animated, factual, and scripted content through its various content arms, including Thunderbird Kids and Family, Thunderbird Unscripted, and Thunderbird Scripted.

Special Meeting on January 12, 2026
The company will hold a special meeting on January 12, 2026, in a virtual-only, live audio webcast meeting format. The meeting will be held online, and only shareholders of record at the close of business on December 12, 2025, will be entitled to vote at the meeting. The password for the live audio webcast is "thunderbirdSGM2026", case-sensitive. Shareholders are encouraged to read the information circular in its entirety and vote their shares as soon as possible ahead of the proxy voting deadline of 9:00 a.m. on January 8, 2026.

Voting Instructions
All shareholders are encouraged to vote in advance of the meeting by proxy, whether or not a shareholder is intending to attend the meeting in person (virtually). Details on how to vote can be found in the information circular. The company has retained Sodali & Co to act as its proxy solicitation agent and to respond to inquiries from shareholders. If you have any questions about the information contained in the information circular or need assistance with voting, please contact Sodali & Co by toll-free phone call in North America or by email at [email protected].

Board Recommendation and Key Shareholder Support
The board of directors of Thunderbird unanimously recommends that shareholders vote for the arrangement resolution. Each of Thunderbird’s directors and executive officers who hold shares, and certain other shareholders, who in aggregate hold approximately 37% of the issued and outstanding shares, entered into support agreements with Blue Ant pursuant to which they have agreed to vote their shares in favor of the arrangement resolution.

Receipt of Interim Order
The company is pleased to announce that the Supreme Court of British Columbia issued an interim order dated December 10, 2025, in connection with the arrangement, authorizing the calling and holding of the meeting and other matters related to the conduct of the meeting. In addition to obtaining approval of the arrangement resolution at the meeting, the completion of the arrangement will be subject to obtaining the final order of the court for the arrangement, obtaining applicable regulatory approvals or clearances, as well as other customary closing conditions.

Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable securities laws in Canada. Forward-looking information may relate to Thunderbird’s future business, financial outlook, and anticipated events or results and may include information regarding its financial position, business strategy, growth strategies, addressable markets, market share, budgets, operations, financial results, taxes, operating environment, business plans, and objectives. The company cautions that the foregoing list of material factors and assumptions is not exhaustive, and many factors could cause actual results, performance, or achievement to be materially different from any future forward-looking statements.

Conclusion
In conclusion, Thunderbird Entertainment Group Inc. has filed its management information circular in connection with its upcoming special meeting to be held on January 12, 2026. The meeting is being held for shareholders to consider and vote on a special resolution approving a plan of arrangement pursuant to which Blue Ant Media Corporation will acquire all of the issued and outstanding shares of Thunderbird. The company’s board of directors unanimously recommends that shareholders vote for the arrangement resolution, and the completion of the arrangement will be subject to obtaining the final order of the Supreme Court of British Columbia, obtaining applicable regulatory approvals, and other customary closing conditions.