Mr. Amar Doman reports

TREE ISLAND STEEL ANNOUNCES THE RETIREMENT OF NANCY DAVIES AND APPOINTMENT OF A NEW CHIEF OPERATING OFFICER

Tree Island Steel Ltd. chief operating officer Nancy Davies will retire effective Oct. 1, 2026. Following a planned succession process, the company is pleased to announce the appointment of Brian Liu as chief operating officer, effective the same day.

Ms. Davies joined Tree Island Steel in 2008 and became vice-president, finance and chief financial officer, in 2011 and chief operating officer in 2023. Under her leadership, Tree Island Steel strengthened its financial reporting and controls, completed strategic acquisitions, divestitures and operational consolidations, and navigated through varying market cycles, including the Great Financial Crisis and the recent United States' tariffs. Ms. Davies commented, "It has been a privilege working with the dedicated employees at Tree Island and I am proud of what we have built together."

Mr. Liu joined Tree Island in 2016 and has held various leadership positions in business transformation, corporate development, procurement, transportation and logistics, and in finance and accounting. Mr. Liu was appointed chief financial officer and vice-president, finance, in 2023. He will also continue to serve as chief financial officer and vice-president, finance, until a replacement is appointed. The company is undertaking a recruiting process for the role.

"We are grateful for Nancy's many years of dedicated service and leadership and the impact she has made on Tree Island, including a culture of safety, quality and customer service. We wish her the very best in her retirement," said Amar S. Doman, executive chair of Tree Island Steel. "The board of directors and I also look forward to working closely with Brian in his new role," Mr. Doman continued.

About Tree Island Steel Ltd.

Tree Island Steel, headquartered in Richmond, B.C., since 1964, through its operating facilities in Canada and the United States, produces wire products for a diverse range of industrial, residential construction, commercial construction and agricultural applications. Its products include galvanized wire, bright wire; a broad array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products; concrete reinforcing mesh; fencing and other fabricated wire products. The company markets these products under the Tree Island, Halsteel, K-Lath, TI Wire, ToughStrand and ToughPanel brand names.

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