Q2 2024

• Tribe has entered into an agreement to acquire (the “Acquisition”) Torontobased DMSI Holdings Ltd (“DMSI”), including its three subsidiaries. DMSI achieved consolidated unaudited revenue of over $12 million in 2023 and positive Net income before taxes of $2.4 million. • The Acquisition propels Tribe’s proforma annualized revenue run-rate to over $31 million and significantly improves the Company’s profitability profile. In addition, the Acquisition expands the Company’s footprint in residential rental and commercial property management, making Tribe one of the largest rental property management companies in Canada.1 • To complete the Acquisition, the Company also announces a non-brokered private placement to raise aggregate gross proceeds of up to $3,500,000 which will be led by PROPELR Growth (“PROPELR”), a highly respected, late-stage growth equity investment fund, and will also include the participation of the operators of DMSI. Tribe Property Technologies Inc., a leading provider of technologyelevated property management solutions, is pleased to announce that, through its wholly-owned subsidiary Tribe Management Inc., it is has agreed to acquire DMSI, including three operating subsidiaries of DMSI; DMS Property Management Ltd. Del Management Solutions Inc. and Delcom Management Services Inc. Joseph Nakhla, CEO of Tribe, commented on the acquisition, “We are excited to announce the acquisition of three remarkable companies, each contributing a unique and distinct portfolio to our rental management division. With profitable and robust recurring business, the synergies created by these additions will undoubtedly elevate our presence in rental management and set up Tribe for significant growth and innovation. We are expecting to have over $31 million in annualized revenue run-rate upon closing of this acquisition, expanding the Company’s footprint in residential rental and commercial property management and positioning us as one of the largest property management companies in the country. We are also thrilled that the leadership of these companies will remain intact ensuring continuity and stability.” The Acquisition is a continuation of Tribe’s strategy of expanding its residential management business and continuing to expand the Company’s national footprint and digital services. The DMSI group of companies brings different areas of expertise to Tribe’s growing portfolio - DMS Property specializes in multi-residential rental property management, while Del Management brings in its government contracts and project management services, and lastly, Delcom has a strong domain of commercial management services. Rob Watt, COO of DMSI, commented, “We couldn’t be more thrilled about this exciting new chapter as we join forces with our new partners at Tribe. This strategic move aligns perfectly with our vision of innovative, excellent service to landlords and tenants, enabling us to expand our unique service offering across Canada, while leveraging scale and offering even more comprehensive solutions to our valued clients. It’s an incredible opportunity to leverage our decades of expertise alongside Tribe’s resources, propelling us towards even greater success. In addition, our clients and teams can rest assured that operations and leadership will remain unchanged, maintaining the exceptional service they’ve come to expect.” Tribe Property Technologies to Acquire Toronto-Based DMSI Holdings and Announces Private Placement Led by PROPELR Growth Fund