Mr. Rohit Bhardwaj reports

CHEMTRADE LOGISTICS INCOME FUND ELIMINATES ALL OUTSTANDING CONVERTIBLE DEBENTURES THROUGH THE REDEMPTION OF THE REMAINING 7.00% CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES MATURING ON JUNE 30, 2028

Chemtrade Logistics Income Fund will redeem on June 30, 2026, all of its remaining 7.00 per cent convertible unsecured subordinated debentures that mature on June 30, 2028 (Cusip No. 16387PAM5), in accordance with the terms of the trust indenture, as amended and supplemented by supplemental indentures thereto, pursuant to which they were issued.

On the redemption date, holders of the 2028 debentures will receive approximately $1,034.712329 for each $1,000 principal amount of 2028 debentures, representing their par value, plus all accrued and unpaid interest thereon to but excluding the redemption date. The 2028 debentures that are redeemed in connection with the redemption will cease to bear interest from and after the redemption date. Formal notice of redemption is being delivered to the holders of the 2028 debentures today in accordance with the terms of the indenture. The aggregate principal amount of 2028 Debentures outstanding as of the date hereof is $25,521,000.

Rohit Bhardwaj, chief financial officer of Chemtrade, commented: "The redemption of the remaining convertible debentures represents a significant milestone for Chemtrade that simplifies and optimizes our capital structure by fully removing dilutive instruments.

"Over the last two years, we have pursued a strategy of strengthening our balance sheet. Elimination of securities with inherent dilutive features was a key pillar of this strategy and we are pleased to have executed it successfully. Chemtrade now stands on a firmer capital foundation," continued Mr. Bhardwaj.

"Looking forward, our financial priorities remain unchanged as we continue to optimize our capital structure, maintain financial discipline and return capital to our unitholders," concluded Mr. Bhardwaj.

Chemtrade will use cash on hand or a combination of cash on hand and draws on its credit facilities to finance the redemption.

About Chemtrade Logistics Income Fund

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and South America. Chemtrade is one of North America's largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite and sodium hydrosulphite. Chemtrade is also a leading producer of high-purity sulphuric acid for the semiconductor industry in North America. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products and zinc oxide. Additionally, Chemtrade provides value-added water solutions as well as industrial services such as processing byproducts and waste streams.

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