Mr. John Glynn reports

RICHARDS GROUP INC. ANNOUNCES NORMAL COURSE ISSUER BID

Richards Group Inc. intends to launch a normal course issuer bid to acquire up to 770,000 of its outstanding shares, representing approximately 10 per cent of its issued and outstanding shares in the total public float. As at Dec. 23, 2025, the company had 11,418,014 shares issued and outstanding. All purchases will be made through the facilities of and in accordance with the rules of the Toronto Stock Exchange and alternative Canadian trading systems and the issuer is entering into an automatic securities purchase plan where all shares purchased will be cancelled. Except where reliance is had on the exchange's block purchase exemption, the maximum number of shares purchasable under the bid on any trading day will be limited to 2,158 shares based on an average daily trading volume of 8,632 for the six months ended Nov. 30, 2025. The normal course issuer bid will commence on Dec. 31, 2025, and end no later than Dec. 30, 2026. The directors of the company believe that such purchases are an appropriate and desirable use of available funds.

Full details may be accessed on the company's website and on the company's SEDAR+ profile.

About Richards Group Inc.

The company owns Richards Packaging Inc., which, since 1912, has served a wide customer base of over 24,000 health care, cosmetic, food and beverage, and other enterprises. Richards has over a century of rich history as a packaging distributor and, over the past decade, has evolved a medical device and supplies operation that now drives the majority of the business.