KATERRA RELATIONSHIP

On May 1, 2018, MGA entered into a strategic transaction with Katerra Inc., a US-based technology company redefining the construction industry, whereby Katerra purchased 100% of the economic interests in MGA. MGA’s voting shares remain majority owned and controlled by Architect AIBC members in compliance with AIBC regulations. In addition, Architect AIBC members occupy a majority of seats on the MGA board of directors. Michael Green continues to serve as the president and CEO of MGA.