TMX Group Announces Voluntary Delisting of Series D, E and F Debentures from Toronto Stock Exchange

Series of bonds will be exclusively available for trading via over-the-counter markets, providing fixed income investors with access to greater liquidity

April 12, 2024 (TORONTO) — TMX Group Limited (TMX Group or the Company) today announced that its board of directors and Toronto Stock Exchange (TSX) have approved the voluntary delisting of the Company's non-convertible Series D, E and F Debentures from TSX. In making the decision to delist, the Company considered, among other things, the fact that secondary market trading in Canadian non-convertible corporate bonds occurs predominantly via over-the-counter markets (OTC), and this decision allows our fixed income investors access to the deepest pool of liquidity. The total value of the Canadian corporate bond market is estimated at approximately $527 billion, according to the FTSE Canada Corporate Bond Index. Originally listed in July 2021, TMX Group's Series D, E and F Debentures have traded less than $20 million in aggregate on TSX, through the end of February 2024.

TMX Group intends to delist these debentures on or about April 26, 2024, and following delisting, they can continue to trade on the OTC markets. Neither the TSX nor the terms of the trust indenture under which these debentures were issued require the Company to obtain approval from debenture holders prior to delisting them from TSX.

The delisting impacts the following TMX Group debentures:

• Series D (TSX: X.DB.A): $300 million aggregate principal amount of 2.997% Series D Senior Unsecured Debentures due December 11, 2024;
• Series E (TSX: X.DB.B): $200 million aggregate principal amount of 3.779% Series E Senior Unsecured Debentures due June 5, 2028; and
• Series F (TSX: X.DB.C): $250 million aggregate principal amount of 2.016% Series F Senior Unsecured Debentures due February 12, 2031.

TMX Group series G, H and I debentures, issued in February 2024, are not listed on TSX and continue to trade OTC.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the TMX Group Debentures or any other securities of TMX Group in any jurisdiction, and is not an offer for sale within the United States of any securities of TMX Group. Securities of TMX Group, including any debt securities, may not be offered or sold in the United States absent registration under U.S. securities laws or unless exempt from registration under such laws.

About TMX Group (TSX:X)

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TMX Trayport and TMX VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit www.tmx.com. Follow TMX Group on X: @TMXGroup.

For more information please contact:

Catherine Kee
Senior Manager, Corporate Communications & Media Relations
TMX Group
416-671-1704
catherine.kee@tmx.com