Mr. Scott Rook reports

CHEMTRADE LOGISTICS PROVIDES UPDATE ON THE REZONING APPLICATION RELATED TO THE NORTH VANCOUVER CHLOR-ALKALI FACILITY

The District of North Vancouver council has rejected Chemtrade Logistics Income Fund's rezoning application, which would have allowed significant safety upgrades and continued liquid chlorine production at its North Vancouver chlor-alkali facility beyond 2030.

The facility is the largest producer of liquid chlorine in Canada, producing over 40 per cent of the country's supply and has been safely operating since 1957. The liquid chlorine produced by Chemtrade is used in the treatment of drinking water. This is significant as 96 per cent of Canadian municipalities use liquid chlorine, or a chlorine derivative, to treat their municipal water supplies.

Chemtrade intends to continue to engage with district staff and council, elected officials at both the provincial and federal levels, local first nations, and the community to identify opportunities to support the strategic goals and priorities of government, such as securing Canadian production of critical products and supporting industries key to Canada's economic independence, that align with Chemtrade's efforts to move forward with planned safety upgrades and secure long-term, continued operations. It should be noted that to date, engagement efforts have resulted in support from both provincial and federal governments, along with special interest groups, stakeholders and community members. Chemtrade is also investigating possible alternative avenues for recourse, including legal action.

"The decision of the seven-member council of the District of North Vancouver is disappointing. As the largest producer of liquid chlorine for drinking water treatment in Canada, our closure could have significant impacts which would be felt across the country. Without chlorine production from our facility, Canada could become reliant on foreign trading partners to secure additional production of chlorine, a product critical to the health and safety of millions," said Scott Rook, president and chief executive officer of Chemtrade. "Throughout the two-and-half-year engagement with the district and the local community, we have received overwhelmingly positive feedback and support. We believe this decision is not in the best interest of district residents or Canadians. Our team is working with advisers and supporters to ensure we pursue all possible avenues to achieve our objective of continuing operations at the facility and playing our part to ensure safe drinking water in Western Canada."

About Chemtrade Logistics Income Fund

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America's largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite and sodium hydrosulphite. Chemtrade is also one of the largest producers of high-purity sulphuric acid for the semiconductor industry in North America. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products and zinc oxide. Additionally, Chemtrade provides value-added water solutions as well as industrial services such as processing byproducts and waste streams.

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