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Stingray Group Inc. Board/Management Information 2021

Mar 2, 2021

47293_rns_2021-03-02_e79ff22a-caea-4b2c-ba64-fab9dc53adbb.pdf

Board/Management Information

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FORM 51-102F3 MATERIAL CHANGE REPORT

Item 1 Name and Address of Company

Stingray Group Inc. (“ Stingray ” or the “ Corporation ”) 730 Wellington Street Montréal, Québec H3C 1T4

Item 2 Date of Material Change

February 26, 2021

Item 3 News Release

A news release was issued on February 26, 2021 from Montréal, Québec and disseminated by Globe Newswire.

Item 4 Summary of Material Change

Stingray announced changes to its Board of Directors.

Item 5 Full Description of Material Change

5.1 Full Description of Material Change

Ms. Karinne Bouchard has been appointed to the Board of Directors, effective February 26, 2021. Ms. Bouchard is expected to also join the Corporation’s Audit Committee. The Corporation also announced that Mr. John Steele has resigned from the board to pursue other interests.

5.2 Disclosure for Restructuring Transactions

Not applicable.

Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102

This report is not being filed on a confidential basis.

Item 7 Omitted Information

Not applicable.

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Item 8 Executive Officer

For further information, please contact Lloyd Perry Feldman, Senior VicePresident, General Counsel and Corporate Secretary of Stingray (514) 664-1244 ext. 2428.

Item 9 Date of Report

March 2, 2021