Mr. Richard Fearn reports

FAB-FORM ANNOUNCES CHANGE OF YEAR-END TO 30TH JUNE

Fab-Form Industries Ltd.'s board of directors has approved a change in Fab-Form's fiscal year end from Dec. 31 to June 30. This change in fiscal year-end from Dec. 31 to June 30 is being made to better align Fab-Form's reporting calendar. The company received the required approval from the tax authorities to effect the change.

Fab-Form's latest financial year ended on Dec. 31, 2022. The new financial year-end means that, following the audited report to issue in respect of the June 30, 2023, financial year, the company's next audited financial report will cover the six-month period from Jan. 1, 2023, to June 30, 2023, and will be filed in accordance with the Section 4.2 of the National Instrument 51-102. Subsequent annual financial reports will cover the 12 months ending June 30.

Reporting requirement on interim periods, including the comparative reporting periods, will be in accordance with Section 4.8 of National Instrument 51-102.

About Fab-Form Industries Ltd.

Fab-Form is a leading concrete forming product manufacturer located in Vancouver, B.C., Canada. Since its inception in 1986, the company has invented, developed and commercialized foundation products that are more sustainable and efficient for the building industry.

The company has traded on the TSX Venture Exchange under the symbol FBF since 1999.

We seek Safe Harbor.