Mr. Endri Leno reports

CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES EARLY RENEWAL OF ITS NORMAL COURSE ISSUER BID

Chemtrade Logistics Income Fund has terminated its existing normal course issuer bid which commenced on Aug. 19, 2025, and had an expiry date of Aug. 18, 2026 (the terminated NCIB) and has commenced a new normal course issuer bid (NCIB). The Toronto Stock Exchange (TSX) has accepted its notice of intention to commence the NCIB.

As of April 10, 2026, under the terminated NCIB, the fund purchased for cancellation, through the facilities of the TSX and/or alternative Canadian trading systems, 5,277,900 units out of the 11,231,131 units it was authorized to purchase at a volume-weighted average price of $14.55 per unit, for total cash consideration of approximately $76-million. As a result of the early termination and commencement of the new NCIB, the 5,277,900 units purchased under the terminated NCIB will be deducted from the maximum number of units that may be purchased under the NCIB as per the requirements of the TSX.

Under the NCIB, Chemtrade is authorized to purchase up to 11,111,948 units , representing approximately 10 per cent of Chemtrade's public float (being 111,119,484 units) as of April 10, 2026, less the 5,277,900 units purchased under the terminated NCIB, for net new purchases of up to 5,834,048 units (out of the 111,736,394 units outstanding as of April 10, 2026). The NCIB commences on April 17, 2026, and will terminate on April 16, 2027, or such earlier date that Chemtrade completes purchases.

Purchases of units will be effected through the facilities of the TSX and/or alternative Canadian trading systems and will be made by means of open market transactions, or such other means as may be permitted by the TSX, including block purchases of units. Under the TSX rules, daily purchases on the TSX will be limited to a maximum of 53,231 units, being the daily purchase limit under the terminated NCIB, representing 25 per cent of the average daily trading volume on the TSX for the six months ended July 31, 2025 (being 212,925 units), except where purchases are made in accordance with the block purchase exception of the TSX rules. All units purchased by Chemtrade under the NCIB will be cancelled.

The price that Chemtrade will pay for any units acquired by it will be the market price of the units on the TSX and/or alternative Canadian trading systems at the time of acquisition or such other price as may be permitted by the TSX.

Chemtrade may from time to time determine as part of its capital allocation strategy that buying back units is an appropriate use of funds. In deciding to renew the NCIB, the board of trustees of Chemtrade believes that from time to time the units trade in a price range that does not adequately reflect the value of the units in relation to Chemtrade's business and its future business prospects. The NCIB will provide the fund with the flexibility to acquire units in order to return capital to unitholders as part of its overall capital management strategy. Although Chemtrade presently intends to purchase units under its NCIB, there can be no assurances that any such purchases will be completed and purchases may be suspended by Chemtrade at any time.

In connection with the NCIB, Chemtrade has entered into an automatic purchase plan with its designated broker to allow for purchases of units during certain predetermined blackout periods, subject to certain parameters as to price and number of units. Outside of these predetermined blackout periods, units will be purchased in accordance with management's discretion, subject to applicable law. The plan constitutes an automatic plan for purposes of applicable Canadian securities legislation and has been precleared by the TSX.

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 a leading producer 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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