Mr. David Galison reports

STELLA-JONES ANNOUNCES NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted Stella-Jones Inc.'s notice of intention to make a normal course issuer bid. Pursuant to the notice, Stella-Jones may, during the 12-month period commencing Nov. 14, 2026, and ending Nov. 13, 2027, purchase for cancellation up to 1.5 million common shares, representing approximately 2.7 per cent of its outstanding common shares as at Oct. 31, 2026. As at Oct. 31, 2026, Stella-Jones had 54,581,214 common shares issued and outstanding and 46,822,813 common shares comprising the public float.

The notice provides that purchases under the normal course issuer bid (NCIB) will take effect on the open market through the facilities of the TSX and/or Canadian alternative trading systems or by such other means as may be permitted by applicable securities regulators or under applicable securities laws. The average daily trading volume (ADTV) of the common shares on the TSX for the six-month period ended Oct. 31, 2026, was 195,110 common shares and, therefore, in accordance with the requirements of the TSX, the daily purchase limit under the NCIB on the TSX will be 48,777 common shares, representing 25 per cent of the ADTV, subject to certain prescribed exceptions. The price that Stella-Jones will pay for common shares acquired by Stella-Jones on the open market through the facilities of the TSX or Canadian alternative trading systems under the NCIB will be the market price of the common shares at the time of acquisition. In the event that Stella-Jones acquires common shares by other means as may be permitted by applicable securities regulators or under applicable securities laws, the purchase price of the common shares may be different than the market price of the common shares at the time of the acquisition. Purchases will be made at management's discretion. Additionally, Stella-Jones has implemented an automatic share purchase plan with its designated broker in connection with the NCIB in order to allow, if deemed advisable by Stella-Jones, for share purchases during self-imposed blackout periods.

During the 12-month period commencing on Nov. 14, 2025, and ending on Nov. 13, 2026, the company was authorized, as approved by the TSX, to purchase for cancellation up to 1.5 million common shares. During such period, the company purchased 278,131 common shares through the facilities of the TSX at a weighted average price of approximately $89.88 per common share, for a total consideration of approximately $24,998,414.

The board of directors of Stella-Jones believes that the repurchase of common shares represents an attractive and responsible investment of capital.

About Stella-Jones Inc.

Stella-Jones is a leading North American manufacturer of products focused on supporting infrastructure essential to the electrical distribution and transmission network and the operation and maintenance of railway transportation systems. It supplies the continent's major electrical utility companies with treated wood poles and crossarms, steel lattice towers and steel transmission poles, as well as North America's Class 1, short-line and commercial railway operators with treated-wood railway ties. It also supports infrastructure with industrial products, namely timbers for railway bridges, crossings and construction, marine and foundation pilings, and coal-tar-based products. Additionally, the company manufactures and distributes premium treated residential lumber and accessories to Canadian and American retailers for outdoor applications, with a significant portion of the business devoted to servicing Canadian customers through its national manufacturing and distribution network.

We seek Safe Harbor.