Mr. Iggy Domagalski reports

WAJAX ANNOUNCES REPAYMENT IN FULL OF SENIOR UNSECURED DEBENTURES DUE 2025

Wajax Corp. today repaid in full the $57.0-million in principal amount owed under its 6.00 per cent senior unsecured debentures due Jan. 15, 2025, along with accrued interest up to but excluding the maturity date. Wajax has deposited an amount sufficient for such repayment with Computershare Trust Company of Canada, as trustee.

Payment for, and surrender of, the debentures will be processed by the trustee through the facilities of CDS Clearing and Depository Services Inc. in accordance with its applicable procedures. Wajax used borrowings under its bank credit facility to complete the repayment.

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.