Mach Announces Roadshow Events Regarding its $14.00 Per Share Offer to Purchase Shares of Transat

MONTRÉAL, Aug. 7, 2019 – Group Mach Acquisition Inc. (“Mach” or the “Offeror“), a wholly-owned subsidiary of Group; Mach Inc., is pleased to announce that it will host a number of meetings in cities across Canada to provide more information and answer questions regarding its offer, dated August 2, 2019, to purchase not less than 6,900,000 Class B Voting Shares (the “Shares“) of Transat A.T. Inc. (TSX: TRZ (“Transat“), representing approximately 19.5% of the issued and outstanding Shares at a price of $14.00 per Share (the “Offer“). The Offer was made concurrently with the filing of Mach’s dissident proxy circular, also filed on August 2, 2019, to solicit proxies AGAINST Transat’s proposed plan of arrangement with Air Canada (the “Proposed Arrangement“), for which holders of Class A Variable Voting Shares and Class B Voting Shares of Transat (together, the “Voting Shares“), will vote on at a special meeting of shareholders on August 23, 2019.