Ms. Britta Bomhard reports

PRIMO WATER ANNOUNCES RESULTS OF VOTING FOR DIRECTORS AT ANNUAL AND SPECIAL MEETING OF SHAREOWNERS

Primo Water Corp. has provided the results of voting for directors at its annual and special meeting of shareowners held on May 31, 2023. By a vote conducted by ballot, each of the nominees listed in the proxy statement dated May 3, 2023, was elected as a director of the company at the meeting. The detailed voting results are as displayed in the attached table.

     
                          Number of   Percentage of        Number of    Percentage of
Nominee                   votes for       votes for   votes withheld   votes withheld

Britta Bomhard          137,711,062          97.40%        3,677,067            2.60%              
Susan E. Cates          139,352,381          98.56%        2,035,748            1.44%              
Eric J. Foss            124,606,969          88.13%       16,781,160           11.87%             
Jerry Fowden            134,522,815          95.14%        6,865,314            4.86%              
Thomas J. Harrington    138,979,277          98.30%        2,408,852            1.70%              
Derek R. Lewis          139,587,591          98.73%        1,800,538            1.27%              
Lori T. Marcus          139,564,602          98.71%        1,823,527            1.29%              
Billy D. Prim           137,063,760          96.94%        4,324,369            3.06%              
Archana Singh           139,088,279          98.37%        2,299,850            1.63%              
Steven P. Stanbrook     139,145,268          98.41%        2,242,861            1.59%              


  

Details of the voting results on all matters considered at the meeting are available in the company's report of voting results, which is available under the company's profile on SEDAR.

About Primo Water Corp.

Primo Water is a leading pure-play water solutions provider in North America and Europe and generated approximately $2.2-billion in annual revenue in 2022. Primo Water operates largely under a recurring revenue model in the large format water category (defined as three gallons or greater). This business strategy is commonly referred to as razor-razor blade because the initial sale of a product creates a base of users who frequently purchase complementary consumable products. The razor in Primo Water's revenue model is its industry leading lineup of innovative water dispensers, which are sold through approximately 10,000 retail locations and on-line at various price points. The dispensers help increase household and business penetration which drives recurring purchases of Primo Water's razor blade offering or water solutions. Primo Water's razor blade offering comprises water direct, water exchange and water refill. Through its water direct business, Primo Water delivers sustainable hydration solutions across its 21-country footprint direct to customers, whether at home or to businesses. Through its water exchange business, customers visit retail locations and purchase a prefilled bottle of water. Once consumed, empty bottles are exchanged at the company's recycling centre displays, which provide a ticket that offers a discount toward the purchase of a new bottle. Water exchange is available in approximately 17,500 retail locations. Through its water refill business, customers refill empty bottles at approximately 23,500 self-service refill drinking water machines. Primo Water also offers water filtration units across its 21-country footprint.

Primo Water's water solutions expand consumer access to purified, spring and mineral water to promote a healthier, more sustainable lifestyle while simultaneously reducing plastic waste and pollution. Primo Water is committed to its water stewardship standards and is proud to partner with the International Bottled Water Association (IBWA) in North America as well as with Watercoolers Europe (WE), which ensure strict adherence to safety, quality, sanitation and regulatory standards for the benefit of consumer protection.