Imvescor: MTY Food Group to Combine with Imvescor Restaurant Group

Creates a stronger, more diversified restaurant franchisor with a strong balance sheet and highly scalable portfolio of recognized restaurant brands and concepts $4.10 per Imvescor common share, representing a total consideration of approximately $248 million and a premium of 13.3% to Imvescor shareholders based on an unaffected 10-day volume weighted average price of the common shares of Imvescor on October 26, 2017 Offers Imvescor shareholders immediate value and the opportunity to participate in future upside through an aggregate consideration of approximately 20% in cash and approximately 80% in MTY common shares Combined operations of both companies expected to generate approximately $2.9 billion in System Sales and EBITDA expected to be in the range of $125-130 million, including cost and top-line synergies Immediately accretive to MTY cash flow and EBITDA and expected to be accretive to earnings as cost and top line synergies are realized Unanimous support of the board of directors of both companies; shareholders holding 18% of the issued and outstanding common shares of Imvescor have entered into support and voting agreements