Mr. Iggy Domagalski reports

WAJAX ANNOUNCES ELECTION OF DIRECTORS

The nominees listed in Wajax Corp.'s management proxy circular dated March 5, 2024, have been elected as directors of Wajax. The detailed results of the vote for the election of directors held at the annual meeting of shareholders of the corporation held on May 2, 2024, in Toronto, Ont., are set out herein.

On a vote conducted by ballot, each of the nine nominees proposed by management was elected as a director of Wajax.

Sylvia D. Chrominska, a director of the corporation since 2015, and Douglas A. Carty, a director of the corporation since 2011, retired from the board at the conclusion of the meeting. "On behalf of our shareholders, management and our fellow directors, I would like to express our sincere thanks to Sylvia and Doug for their invaluable contributions to Wajax," said Iggy Domagalski, president and chief executive officer of the corporation. "We wish them all the best on their retirement from the Wajax board."

About Wajax Corp.

Founded in 1858, Wajax is one of Canada's longest-standing and most diversified industrial products and services providers. The corporation operates an integrated distribution system, providing sales, parts and services to a broad range of customers in diverse sectors of the Canadian economy, including construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government and utilities, and oil and gas.