An anonymous director reports

TAIGA ANNOUNCES EXTENSION OF NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted Taiga Building Products Ltd.'s notice of intention to make a new normal course issuer bid (NCIB) for its common shares (symbol TBL) through the facilities of the TSX or any other Canadian alternative trading system and renew Taiga's normal course issuer bid program that expires on Aug. 28, 2023. On Aug. 31, 2023, Taiga may commence making purchases, from time to time, up to a maximum of 5,403,487 of its 108,069,755 outstanding common shares as at Aug. 22, 2023, representing 5 per cent of the outstanding common shares. The actual number of common shares that may be purchased pursuant to the 2023 NCIB will be determined by the company. The 2023 NCIB will terminate on Aug. 31, 2024, or earlier if Taiga has completed its purchases of the securities subject to the 2023 NCIB. Purchases may be suspended by Taiga at any time and Taiga reserves the right to terminate the 2023 NCIB earlier if it determines it is appropriate to do so.

Taiga believes that the 2023 NCIB is in the best interests of the company and its shareholders, and that the NCIB represents a desirable use of corporate funds. Any common shares acquired pursuant to the 2023 NCIB will be purchased at the prevailing market price up to a daily maximum of 4,247 common shares, being 25 per cent of the average daily trading volume for the last six completed calendar months of 16,990 common shares, subject to the block purchase exemption, and will be cancelled following purchase.

The prior NCIB commenced on Aug. 29, 2022, and concludes on Aug. 28, 2023. The maximum number of common shares that the company sought and obtained approval to purchase under its prior normal course issuer bid was 5,410,448 common shares, and 139,208 outstanding common shares were repurchased through the facilities of the TSX between the period of Aug. 29, 2022, to Aug. 28, 2023, at the volume weighted average price of $2.63 per common share.

We seek Safe Harbor.