Mr. Robert Hammond reports

HAMMOND MANUFACTURING COMPANY LIMITED ANNOUNCES DECLARATION OF DIVIDEND PAYMENT

Hammond Manufacturing Company Ltd. has declared a dividend of three cents per Class A subordinate voting share and three cents per Class B common share (not listed on the Toronto Stock Exchange) Aug. 25, 2023, to shareholders of record at the close of business on Aug. 14, 2023.

The board has not adopted a formal dividend policy, and no decision has been made with respect to the declaration of any future dividend.

Important income tax information for Canadian resident shareholders

HMCL designates the entire amount of this dividend to be an "eligible dividend," as defined in subsection 89(1) of the Income Tax Act (Canada), as amended from time to time. This notice meets the requirement of the Income Tax Act (Canada). Please contact your tax adviser if you have any questions with regard to the designation of the eligible dividend.

About Hammond Manufacturing Company Ltd.

Hammond Manufacturing Company manufactures a broad range of products for the electronic and electrical products industry, including metallic and non-metallic enclosures, racks, small cases, outlet strips, surge suppressors and electronic transformers.