Mr. Willy Janzen reports

BUHLER INDUSTRIES ANNOUNCES COMPLETION OF AMALGAMATION

Buhler Industries Inc. has completed the amalgamation of the company with a wholly owned subsidiary (Newco) of Asko Sinai ve Teknoloji Uretim Sanayi Ticaret Anonim Sirketi pursuant to the amalgamation agreement dated Feb. 11, 2025, between the company, Asko and Newco to form the amalgamated corporation which will continue under the name Buhler Industries Inc. (Amalco).

The amalgamation was approved by the holders of the company's Class A common shares at a special meeting held today by an affirmative vote of approximately 99.99 per cent of the votes cast in respect thereof by shareholders present in person or by proxy at the meeting.

Pursuant to the amalgamation: (i) each common share owned by public shareholders other than Newco was converted into one redeemable preferred share of Amalco, and each Amalco redeemable preferred share was then redeemed by Amalco for $7.30 in cash immediately following completion of the amalgamation; (ii) the common shares held by Newco were cancelled without payment of capital; and (iii) Asko received one common share in the capital of Amalco for each common share it held in the capital of Newco.

Amalco has applied to delist the common shares from the Toronto Stock Exchange, and it is expected that Amalco will be delisted from the TSX, effective as of the close of business on or about March 31, 2025. Amalco has concurrently made an application to the applicable securities regulatory authorities for an order that it will no longer be a reporting issuer under applicable Canadian securities laws.

The amalgamation is more fully described in the management information circular of the company dated Feb. 27, 2025, which is available on the company's SEDAR+ profile. See also the news release issued by the company on Feb. 12, 2025, regarding the signing of the amalgamation agreement.

About Buhler Industries Inc.

The company is headquartered in Winnipeg, Man., Canada, and is a publicly traded company on the TSX. The company manufactures and distributes its product through several brand names, including Versatile and Farm King. The Versatile line of equipment consists of tractors and tillage. Farm King supplies augers, mowers, bale carriers, snow blowers and compact implements. The company has manufacturing facilities and warehouses in both Canada and the United States.

The company has been an integral part of the agricultural landscape for nearly a century, with a legacy dating back almost 100 years. Serving as a cornerstone of the Canadian economy, the company takes pride in employing over 800 Canadians and making a significant impact in the province of Manitoba, with manufacturing facilities in both Winnipeg and Morden. The company also has manufacturing facilities and warehouses in the United States. The company's head office is located at 1260 Clarence Ave., Winnipeg, Man., Canada, R3T 1T2.

We seek Safe Harbor.