Ssc Security Services To Go Private In All-cash Transaction With Allied Universal, World's Largest Security Company, With Concurrent Management Buy-out

SSC Security Services Corp. (TSXV: SECU) (US: SECUF) ("SSC" or the "Company") and Universal Protection Service, LP (operating as Allied Universal) (and together with its wholly-owned subsidiary acting as purchaser, "Allied Universal") today announce that they have entered into a definitive arrangement agreement signed and dated May 26, 2026 (the "Arrangement Agreement") pursuant to which Allied Universal will acquire all of the issued and outstanding common shares of SSC (each a "SSC Share" and collectively, the "SSC Shares") by way of a statutory plan of arrangement (the "Arrangement") under The Business Corporations Act, 2021 (Saskatchewan) (the "Transaction"). As part of the Transaction, SSC and its wholly-owned subsidiary, Logixx Security Inc. ("LSI"), will sell their cyber security and legacy agriculture businesses (together, the "Carve-Out Business") to a corporation ("ManagementCo") controlled by SSC's current and former senior management team (the "Management Purchasers") pursuant to a management buyout transaction (the "MBO").

Under the terms of the Arrangement, each holder of SSC Shares (the "SSC Shareholders") will receive cash consideration of $4.4075 for each SSC Share held (the "Consideration"), representing aggregate consideration of approximately $80,500,000 on a fully diluted basis. The Consideration represents an approximately 119% premium to the closing price of SSC Shares on the TSX Venture Exchange ("TSXV") on May 25, 2026, being the last trading day prior to the date of this announcement, and an approximately 86% premium to the VWAP of the SSC Shares on the TSXV over the last full year of trading. The Transaction is not subject to any financing condition by either Allied Universal or ManagementCo.