Mr. Joseph Fearn reports

FAB-FORM ANNOUNCES CHANGE OF AUDITOR

Fab-Form Industries Ltd. has appointed Baker Tilly WM LLP as independent auditor of the company, effective as of Feb. 29, 2024.

The successor auditor is being appointed following the receipt by the company on Jan. 1, 2024, of a formal resignation of Culver & Co., with said resignation effective as of Jan. 1, 2024. Refer to the notice of change of auditor published on Feb. 1, 2024.

The board of directors of the company appointed the successor auditor as the new auditor until the next annual general meeting of the company.

The notice of change of auditors, together with the letter from the successor auditors, have been reviewed by the company's audit committee and the board of directors.

About Fab-Form Industries Ltd.

Fab-Form Industries is a leading concrete forming products 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 (TSX-V under the symbol FBF) since 1999.