Mr. Amar Doman reports

DOMAN ANNOUNCES COMPLETION OF EARLY REDEMPTION OF 6.375% SENIOR UNSECURED NOTES

Doman Building Materials Group Ltd. has completed the early redemption of all $60-million of its outstanding 6.375 per cent senior unsecured notes due Oct. 9, 2023. The notes were redeemed at a redemption amount equal to $1,014.32 for each $1,000 principal amount of notes, being equal to the aggregate of (i) $1,000 principal amount of notes, and (ii) $14.32 of accrued and unpaid interest up to but excluding June 30, 2023.

"Doman's continuing fiscal responsibility, along with our growth strategy, will bode well for the future. The early retirement of our notes will strengthen our balance sheet and provide fiscal options for the company in these times of macroeconomic change. We will continue to be financially prudent as we move forward with our strategic plans," commented Amar Doman, Doman chairman and chief executive officer.

About Doman Building Materials Group Ltd.

Doman is headquartered in Vancouver, B.C., and is a leading North American distributor of building materials, and is Canada's only fully integrated national distributor in the building materials and related products sector. Doman operates several distinct divisions: CanWel Building Materials with multiple treating plant, planing facilities and distribution centres coast to coast in all major cities and strategic locations across Canada; founded in 1959, Hixson Lumber Company in the central United States, with 19 treating plants, two specialty planing mills and five specialty sawmills located in eight states, headquartered in Dallas, Tex., distributing, producing and treating lumber, fencing and building materials; California Cascade in the Western United States near Portland, Ore., San Francisco and Los Angeles, Calif., with treating facilities and distribution of building materials, lumber and renovation products; founded in 1935, the Honsador Building Products Group in 14 locations in the state of Hawaii, with treating facilities, truss plants, and distribution of a wide range of building materials, lumber, renovation and electrical products. The company's operations also include timber ownership and management of private timberlands and forest licences, and agricultural postpeeling and pressure treating through its fibre division.

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