Premium Brands Holdings Corporation Announces the Exercise of the Over-Allotment Options in Connection with its Recently Completed $600 million Equity and Convertible Debenture Offerings

Press Release

Vancouver, B.C., December 17, 2025. Premium Brands Holdings Corporation (“Premium Brands” or the “Company”) (TSX:PBH), a leading producer, marketer and distributor of branded specialty food products, is pleased to announce that the underwriters in respect of the Company’s recently completed $600 million equity and convertible debenture offerings (the “Offering”), led by CIBC Capital Markets, BMO Capital Markets, National Bank Financial Inc., Raymond James Ltd. and Scotiabank, have exercised their options in full to purchase: (i) an additional 430,860 subscription receipts (the “Over-Allotment Subscription Receipts”) at a price of $97.50 per Over-Allotment Subscription Receipt, for additional gross proceeds of approximately $42 million, and (ii) an additional $22.5 million aggregate principal amount of 5.50% convertible unsecured subordinated debentures (the “Over-Allotment Debentures”) at a price of $1,000 per Over-Allotment Debenture (collectively, the “Over-Allotment Options”). The closing of the Over-Allotment Options is expected to be completed on December 19, 2025 and will increase the total gross proceeds of the recently completed equity and convertible debenture offerings to approximately $665 million.

The net proceeds from the issue and sale of the Over-Allotment Subscription Receipts will be held in escrow pending closing of the Company’s previously announced indirect acquisition of all of the issued and outstanding shares of Stampede Culinary Partners, Inc. (the “Acquisition”). Following release of the proceeds from escrow, the Company will use the net proceeds to finance, in part, the Acquisition, as well as the Company’s expenses of the Offering and the Acquisition. The net proceeds from the sale of the Over-Allotment Debentures will initially be used to reduce existing indebtedness under the Company’s senior revolving credit facility (the “Revolving Credit Facility”), thereby increasing the amount available to be drawn under such Revolving Credit Facility to finance, in part, the Acquisition, as well as the Company’s expenses of the Offering and the Acquisition. The balance of the cash purchase price for the Acquisition will be satisfied by a draw on the Revolving Credit Facility.

About Premium Brands

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada, the United States and Italy.

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