RE:RE:Allocation of capitalNEWS RELEASEJune 14, 202155 St. Clair Avenue West, Suite 700, Toronto, Ontario M4V 2Y7Tel: (416) 596-1930IBI GROUP INC.ANNOUNCES NORMAL COURSE ISSUER BIDToronto, ON (June 14, 2021)–IBI Group Inc. (the "Company" or "IBI") (TSX:IBG) announced today that it has received the approval of the Toronto Stock Exchange (the "TSX") for a normal course issuer bid (the "Bid") to purchase up to 750,000of its issued and outstanding common shares (the "Common Shares").Purchases under the Bid may commence on June 21, 2021 and will terminate on June 20, 2022, or on such earlier date as the Bid is complete. Purchases of Common Shares will be made through the facilities of the TSX in accordance with its rules. Purchases under the Bid may also be made through alternative Canadian trading systems. The average daily trading volume of the Common Shares for the previous six calendar months ("ADTV") was 41,076CommonShares. Subject to the TSX's block purchase exception, on any trading day, purchases under the Bid will notexceed 10,269CommonShares (being 25% of the ADTV). The price that the Company will pay for any Common Shares purchased under the Bid will be the prevailing market price at the time of purchase. Any Common Shares purchased by the Company will be cancelled.As of June 14,2021, there were 31,305,544Common Shares issued and outstanding. The 750,000Common Shares that may be repurchased under the Bid represents approximately 3.03% of the "public float" (as defined in the TSX Company Manual) of the Company's issued and outstanding Common Shares on June 14, 2021.The Board of Directors believes that the underlying value of the Corporation may not be reflected in the market price of the Common Shares from time to time and that, accordingly, the purchase of Common Shares will increase the proportionate interest in the Corporation of, and be advantageous to, all remaining shareholders of the Corporation