Important Notice

BIMIZCI Fund LLC and its affiliates, ZimCal Asset Management LLC (“ZimCal”), Warnke Investments LLC (“Warnke”) and Stephen Hodges (collectively referred to herein either as “BIMIZCI,” “we,” “our,” or “us”), are or have been owners of securities of Medallion Financial Corp. (the “Company”).

BIMIZCI’s solicitation of proxies from the Company’s stockholders in connection with the Company’s 2026 Annual Meeting of Stockholders has concluded. BIMIZCI is not currently soliciting proxies, consents or authorizations from any stockholder of the Company, and nothing contained on the Website is, or is intended to be, a solicitation of a proxy, consent or authorization with respect to any security of the Company or any meeting of the Company’s stockholders. No proxy card or voting instruction form is being furnished by means of the Website, and any BLUE universal proxy card or voting instruction form previously furnished by BIMIZCI is no longer valid or effective.

The materials on the Website relating to the 2026 Annual Meeting are maintained for informational and historical purposes only. They speak only as of their respective original dates of publication and have not been, and will not be, updated. BIMIZCI’s definitive proxy statement and other materials filed with the SEC in connection with the 2026 Annual Meeting, including information about BIMIZCI’s nominees and all participants in that solicitation, remain available free of charge at the SEC’s website at www.sec.gov and on this Website.

The Website on which this document is being posted and the information contained on said Website (collectively, the “Website”) is available to all stockholders of Medallion Financial Corp. (the “Company”). The Website is provided for informational and historical purposes only and is not, and should not be construed as, a solicitation of any proxy, consent or authorization. Except as otherwise set forth on the Website, the views expressed on the Website reflect the opinions of BIMIZCI Fund LLC and its affiliates, ZimCal Asset Management LLC, Warnke Investments LLC and Stephen Hodges (collectively, “BIMIZCI”) as of the dates such views were originally published, and are based on publicly available information with respect to the Company as of those dates. BIMIZCI recognizes that there may be confidential information in the possession of the Company that could lead it or others to disagree with BIMIZCI’s conclusions. BIMIZCI reserves the right to change any of its opinions expressed on the Website at any time as it deems appropriate and disclaims any obligation to notify the market or any other party of any such change, except as required by law. BIMIZCI disclaims any obligation to update the information or opinions contained on the Website, and the information and opinions contained on the Website may no longer be current. For the avoidance of doubt, the Website is not affiliated with or endorsed by Medallion Financial Corp.

Although BIMIZCI believed the statements made on this Website were accurate in all material respects when made and did not omit to state material facts necessary to make those statements not misleading, BIMIZCI makes no representation or warranty, express or implied, as to the accuracy or completeness of those statements or any other written or oral communication it has made with respect to the Company, and each of BIMIZCI and its affiliates expressly disclaim any liability relating to those statements or communications (or any inaccuracies or omissions therein).

Certain financial projections and statements made on the Website have been derived or obtained from filings made with the United States Securities and Exchange Commission (“SEC”) or other regulatory authorities and from other third party reports, in each case available as of the dates such projections and statements were originally published. Neither BIMIZCI nor any of its affiliates shall be responsible or have any liability for any misinformation contained in any third-party SEC or other regulatory filing or third party reports. Select figures presented on the Website have not been calculated using generally accepted accounting principles (“GAAP”) and have not been audited by independent accountants. Such figures may vary from GAAP accounting in material respects and there can be no assurance that the unrealized values reflected within such materials will be realized.

The commentary on the Website concerning the Company’s corporate governance, board composition, management, capital allocation, financial performance and business strategy consists of statements of BIMIZCI’s opinion, belief and analysis, based on publicly available information as of the dates such commentary was originally published, and is not a statement of fact. Reasonable persons, including the Company, may disagree with those opinions. Nothing on the Website is intended to state or imply, and nothing on the Website should be construed as stating or implying, that the Company or any of its current or former directors, officers, employees, advisors or affiliates has engaged in fraud, has violated any law, rule or regulation, or has breached any fiduciary or other duty. Any characterization of the conduct, judgment or performance of any person on the Website reflects BIMIZCI’s opinion as of the date of the relevant material and should be evaluated by the reader against the underlying public disclosure, which is available at www.sec.gov.

The materials on the Website on which this document is being posted and the information contained on said Website (collectively, the “Website”) are provided merely as information and are not intended to be, nor should they be construed as, an offer to sell or a solicitation of an offer to buy any security, or a solicitation of a proxy, consent or authorization with respect to any security.

BIMIZCI Fund LLC together with ZimCal Asset Management LLC, Warnke Investments LLC and Stephen Hodges (together “BIMIZCI”) has owned shares of common stock, par value $0.01 per share, of Medallion Financial Corp. (“Shares”) and Trust Preferred Securities backed by debt issued by Medallion Financial Corp. Any holdings described on the Website are stated as of the dates indicated and may no longer be accurate. You should assume that BIMIZCI will from time to time sell all or a portion of its holdings of the Shares of Medallion Financial Corp. (the “Company”) in open market transactions or otherwise, buy additional Shares (in open market or privately negotiated transactions or otherwise), or trade in options, puts, calls, swaps or other derivative instruments relating to such Shares, regardless of the views expressed on the Website. Consequently, BIMIZCI’s beneficial ownership of the Shares may vary over time depending on various factors, with or without regard to BIMIZCI’s view of the Company’s business, prospects or valuation (including the market price of the Shares), including, without limitation, other investment opportunities available to BIMIZCI, conditions in the securities markets and general economic and industry conditions. However, BIMIZCI has no current intention, either alone or in concert with another person, to acquire or exercise control of the Company or any of its subsidiaries.

BIMIZCI reserves the right to take any actions with respect to investments in the Company as it may deem appropriate, including, but not limited to, communicating with the Company’s management, the Company’s board of directors, other investors and shareholders, stakeholders, industry participants, and/or interested or relevant parties about the Company, and to change its intentions with respect to its investments in the Company at any time and disclaims any obligation to notify the market or any other party of any such changes or actions, except as required by law. For the current beneficial ownership and intentions of BIMIZCI and its affiliates, please refer to their most recent filings with the SEC, which control over any information on the Website.

The Website does not recommend the purchase or sale of any security, and should not be construed as legal, tax, investment or financial advice, and the information contained herein should not be taken as advice on the merits of any investment decision.

BIMIZCI has held, and may in the future hold, both equity securities of the Company and debt or debt-linked securities issued or backed by the Company, including Trust Preferred Securities. The interests of BIMIZCI may differ from, and may conflict with, the interests of other holders of the Company’s securities, including as between holders of different classes or series of the Company’s securities. BIMIZCI’s views expressed on the Website, including any view regarding a sale of Medallion Bank or any other strategic alternative, may benefit BIMIZCI in ways that differ from any benefit to other holders. Readers should assume that BIMIZCI has an economic interest in the outcomes it advocates on the Website and should evaluate the Website accordingly.

Certain materials on the Website express BIMIZCI’s view that the Company should pursue one or more strategic alternatives, including a sale of Medallion Bank. Those views are the opinions of BIMIZCI as of the dates the relevant materials were originally published and are not, and should not be construed as, a proposal, offer, commitment or agreement to effect any transaction, nor a solicitation of any proxy, consent, authorization or tender in connection with any transaction.

BIMIZCI has no power or authority to cause the Company or Medallion Bank to undertake any transaction. Any sale, merger, recapitalization or other strategic transaction involving the Company or Medallion Bank would require, among other things, the approval of the Company’s board of directors and, in the case of Medallion Bank, the approval or non-objection of one or more banking regulators, which may include the Federal Deposit Insurance Corporation and the Utah Department of Financial Institutions, and may require the approval of the Company’s stockholders. There can be no assurance that the Company will pursue any such transaction, that any such transaction would be approved by any required party or regulator, that any such transaction would be consummated, or that any such transaction, if consummated, would result in the values, returns or outcomes described or implied on the Website.

Any estimates of value, proceeds, multiples or per-share impact associated with a sale of Medallion Bank or any other strategic alternative discussed on the Website are illustrative only, were prepared as of the dates of the relevant materials using assumptions BIMIZCI believed reasonable at those times, and have not been updated. Such estimates were not prepared with a view toward compliance with the published guidelines of the SEC or the guidelines established by the American Institute of Certified Public Accountants for the preparation and presentation of prospective financial information, and have not been examined, compiled or otherwise reported on by any independent accountant. Actual results may differ materially. No reader should rely on any such estimate in making any investment decision.

Some of the materials on the Website on which this document is being posted and the information contained on said Website (collectively, the “Website”) contain forward-looking statements. All statements contained on the Website that are not clearly historical in nature or that necessarily depend on future events are forward-looking, and the words “anticipate,” “believe,” “expect,” “potential,” “could,” “opportunity,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements.

The projected results and statements contained on the Website that are not historical facts were based on expectations current as of the dates such materials were originally published, speak only as of those dates, and involve risks, uncertainties and other factors that may cause actual results, performances or achievements to be materially different from any future results, performances or achievements expressed or implied by such projected results and statements. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of BIMIZCI Fund LLC and its affiliates, ZimCal Asset Management LLC, Warnke Investments LLC and Stephen Hodges (together “BIMIZCI”).

Though certain material on the Website may contain projections, nothing on the Website is intended to be a prediction of the future trading price or market value of securities of Medallion Financial Corp. (the “Company”). Accordingly, there is no assurance or guarantee with respect to the prices at which any securities of the Company will trade, and such securities may not trade at prices that may be implied on the Website. The estimates, projections and potential impact of the opportunities identified by BIMIZCI on the Website were based on assumptions that BIMIZCI believed to be reasonable as of the dates of the materials on the Website, but there can be no assurance or guarantee (1) that any of the proposed actions set forth on the Website will be completed, (2) that the actual results or performance of the Company will not differ, and such differences may be material, or (3) that any of the assumptions provided on the Website are or remain accurate.

Therefore, there can be no assurance that the projected results or forward-looking statements included on the Website will prove to be accurate and therefore actual results could differ materially from those set forth in, contemplated by, or underlying these forward-looking statements. In light of the significant uncertainties inherent in the projected results and forward-looking statements included on the Website, the inclusion of such information should not be regarded as a representation as to future results or that the objectives and strategic initiatives expressed or implied by such projected results and forward-looking statements will be achieved. BIMIZCI will not undertake and specifically declines any obligation to disclose the results of any revisions that may be made to any projected results or forward-looking statements on the Website to reflect events or circumstances after the date of such projected results or statements or to reflect the occurrence of anticipated or unanticipated events.

BIMIZCI Fund LLC and its affiliates, ZimCal Asset Management LLC, Warnke Investments LLC and Stephen Hodges (together “BIMIZCI”), have neither sought nor obtained the consent from any other third party to use any statements or information contained on the Website on which this document is being posted and the information contained on said Website (collectively, the “Website”), which have been obtained or derived from statements made or published by such third parties, nor has it paid for any such statements. Any such statements or information should not be viewed as indicating the support of such third parties for the views expressed on the Website. BIMIZCI does not endorse third-party estimates or research, which are used on the Website solely for illustrative purposes. No warranty is made that data or information, whether derived or obtained from filings made with the SEC or any other regulatory agency or from any third party, are accurate or remain current.

The Website may contain links to articles and/or videos (collectively, “Media”). The views and opinions expressed in such Media are those of the author(s)/speaker(s) referenced or quoted in such Media and, unless specifically noted otherwise, do not necessarily represent the opinions of BIMIZCI.

All registered or unregistered service marks, trademarks and trade names referred to on the Website on which this document is being posted and the information contained on said Website (collectively, the “Website”) are the property of their respective owners, and the use of such intellectual property on the Website does not imply an affiliation with BIMIZCI Fund LLC and its affiliates, ZimCal Asset Management LLC, Warnke Investments LLC and Stephen Hodges, or the endorsement by the owners of such service marks, trademarks and trade names of any information on the Website.