Mr. Andy Harshaw reports

ALGOMA STEEL GROUP ANNOUNCES DIRECTOR RESIGNATION

Algoma Steel Group Inc.'s Brian Pratt has resigned from the board of directors for personal reasons, effective immediately.

"We thank Brian for his lasting impact and valuable contributions to the board during his tenure with us. We fully support his decision, and we wish him the best in his future endeavours," said Andy Harshaw, chairman of Algoma's board of directors. Mr. Pratt joined the board of directors in 2021 and has served as a valuable member of the operations and capital projects committee and human resources and compensation committee.

About Algoma Steel Group Inc.

Based in Sault Ste. Marie, Ont., Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate. Driven by a purpose to build better lives and a greener future, Algoma is positioned to deliver responsive, customer-driven product solutions to applications in the automotive, construction, energy, defence and manufacturing sectors. Algoma is a key supplier of steel products to customers in North America and is the only producer of discrete plate products in Canada. Its state-of-the-art direct strip production complex (DSPC) is one of the lowest-cost producers of hot rolled sheet steel (HRC) in North America.

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