Long-Term IAA Inc. Shareholder Discerene Group Believes in IAA's Go-Alone Prospects If Proposed Value-Destroying Merger With Ritchie Bros. Auctioneers Is Voted Down by Shareholders

Encourages IAA to Focus on Building Its Business For the Long Term Discerene Group LP, whose affiliates and investment vehicles managed beneficially own approximately 3.6% of the outstanding shares of IAA, Inc.