INTERTAPE POLYMER GROUP ANNOUNCES RECEIPT OF THE INVESTMENT CANADA APPROVAL, INTENDED CLOSING DATE OF ARRANGEMENT AND DIVIDEND PAYMENT DATE

Intertape Polymer Group Inc. has the receipt of the approval under the Investment Canada Act in respect of the previously announced acquisition of the company by an affiliate of Clearlake Capital Group LP for $40.50 per share by way of a plan of arrangement in accordance with Section 192 of the Canada Business Corporations Act.

The parties to the arrangement intend to complete the arrangement on June 28, 2022, subject to the satisfaction of customary closing conditions.

Pursuant to the terms of the agreement in respect of the arrangement, the quarterly dividend of 17 U.S. cents per share announced on May 11, 2022, will be paid immediately prior to the closing of the arrangement on June 28, 2022, subject to the satisfaction of customary closing conditions, and the payment date of the dividend has been changed to such date. The dividend record date of June 15, 2022, remains unchanged.

About Intertape Polymer Group Inc.

Intertape Polymer Group is a recognized leader in the development, manufacture and sale of a variety of paper and film based pressure-sensitive and water-activated tapes, stretch and shrink films, protective packaging, woven and non-woven products and packaging machinery for industrial and retail use. Headquartered in Montreal, Que., and Sarasota, Fla., Intertape Polymer Group employs approximately 4,200 employees with operations in 34 locations, including 22 manufacturing facilities in North America, five in Asia and two in Europe.

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