Mr. Antoine Auclair reports

RICHELIEU HARDWARE LTD. ANNOUNCE NORMAL COURSE ISSUER BID

Richelieu Hardware Ltd. has received, from the Toronto Stock Exchange, the authorization to renew its normal course issuer bid. In accordance with the bid, the corporation intends to repurchase, for cancellation purposes, some of its common shares through the facilities of the TSX or alternative Canadian trading systems.

Under the bid, the corporation may repurchase for cancellation up to 1.75 million common shares. This represents approximately 3.19 per cent of its 54,929,836 issued and outstanding common shares as of Jan. 16, 2026. These purchases will be made in accordance with applicable regulations over a maximum period of 12 months beginning on Jan. 26, 2026, and ending on Jan. 25, 2027. The average daily trading volume of Richelieu's common shares over the six calendar months prior to the date hereof was 90,683. Accordingly, the corporation is entitled to purchase, on any trading day, up to 22,670 common shares. The consideration that the corporation will pay for any common shares acquired by it under the bid will be paid cash at the market price of such common shares at the time of acquisition.

During the last 12 months, the corporation repurchased, either through the facilities of the Toronto Stock Exchange or alternative Canadian trading systems, 438,167 common shares at a weighted average price paid of $37.05, all pursuant to a previously approved program having authorized the corporation to proceed with the purchase in the normal course of a maximum of 1.75 million common shares.

The corporation believes that the purchase by the corporation of its own shares may, in appropriate circumstances, be a responsible investment of funds on hand.

About Richelieu Hardware Ltd.

Richelieu is a leading North American distributor, importer and manufacturer of specialty hardware and complementary products. Its products are targeted to an extensive customer base of kitchen and bathroom cabinet, storage and closet, home furnishing and office furniture manufacturers, residential and commercial woodworkers, door and window, and hardware retailers, including renovation superstores. Richelieu offers customers a broad mix of high-end products sourced from manufacturers worldwide. Its product selection consists of over 145,000 different items targeted to a base of more than 120,000 customers who are served by 121 centres in North America -- 51 distribution centres in Canada, 67 in the United States and three manufacturing plants in Canada, specifically Cedan Industries Inc., Menuiserie des Pins Ltee. and USIMM/UNIGRAV, which manufacture a variety of veneer sheets and edge banding products, a broad selection of decorative mouldings and components for the window and door industry, as well as custom products, including a 3-D scanning centre.