Inscape announces the successful conclusion of the sale of its surplus real estate

Inscape Corporation (“

Inscape

” or the “

Company

”) (TSX: INQ), is pleased to confirm that the sale of its surplus property (the “

Surplus Property Transaction

””) located at 70 Toll Road, East Gwillimbury, Ontario (the “

Property

”) to a third-party purchaser (the “

Purchaser

”) and previously announced via Inscape’s press release of April 27, 2022, was successfully concluded by close of business April 29, 2022.

The purchase price was CDN$1,700,000.

About Inscape

Since 1888, Inscape has been designing products and services that are focused on the future, so businesses can adapt and evolve without investing in their workspaces all over again. Our versatile portfolio includes systems furniture, storage, and walls – all of which are adaptable and built to last. Inscape’s wide dealer network, showrooms in the United States and Canada, along with full service and support for all our clients, enable us to stand out from the crowd. We make it simple. We make it smart. We make our clients wonder why they didn’t choose us sooner.

For more information, visit myinscape.com.

Contact Jon SzczurChief Financial OfficerInscape CorporationT 905 952 [e-mail]