Aimia Inc. announced that, as contemplated under the previously announced comprehensive settlement agreement with Mittleman Brothers LLC and its wholly-owned subsidiary Mittleman Investment Management LLC (together, ‘Mittleman’) and with Charles Frischer, the Board of Directors (the ‘Board’), has completed the disciplined governance process contemplated by the settlement agreement and, upon unanimous recommendation of an Ad Hoc Nominating Committee, the Board has been reconstituted with the departure of six independent directors and the appointment of six new, non-management directors, in addition to current directors Philip Mittleman and Jeremy Rabe (Chief Executive Officer). Previous directors Thomas Gardner, Dieter Jentsch, Robert (Chris) Kreidler, Linda Kuga Pikulin, William (Bill) McEwan and Frederick (Fred) Mifflin have all stepped down from the Aimia Board. The Board of Directors is now comprised of eight directors as follows: Karen Basian, Charles Frischer, Sandra Hanington, Michael Lehmann, Philip Mittleman, Jeremy Rabe (CEO), David Rosenkrantz and Jordan G. Teramo. Charles Frischer has been appointed to serve as independent Chair of the reconstituted Board. The Board's committees have also been reconstituted as follows: Audit Committee: David Rosenkrantz as Committee chair, Michael Lehmann and Jordan G. Teramo; Governance and Nominating Committee: Sandra Hanington as Committee chair, Charles Frischer and Philip Mittleman; HR and Compensation Committee: Karen Basian as Committee chair, Charles Frischer and Michael Lehmann. Ms. Basian has over 25 years of experience in the consumer products and services, financial services, travel and technology sectors. Ms. Basian is currently President of KB Capital Management Inc. and a partner with 3NP Realty Inc. Mr. Frischer, is the general partner of LFF Partners. From 2005 until 2008, Mr. Frischer was a Principal at Zephyr Management, L.P. Sandra Hanington is the former President & Chief Executive Officer of the Royal Canadian Mint. David Rosenkrantz P. Eng. MBA, has been involved in the investment industry for over 30 years. Jordan G. Teramo has 23 years of experience in leveraged capital structure investing and portfolio management. He was most recently the lead portfolio manager for the long/short credit funds of CIFC Asset Management LLC (CIFC) and a member of the firm's Investment Committee.