Mr. Michael McMillan reports

TOROMONT TO ANNOUNCE SECOND QUARTER 2023 RESULTS ON JULY 26, 2023

Toromont Industries Ltd. will release its second quarter 2023 results after markets close on Wednesday, July 26, 2023.

Analysts, members of the media and other interested parties are invited to participate in a teleconference and audio webcast on Thursday, July 27, 2023, at 8 a.m. (Eastern) to discuss the financial results and operating highlights. The conference will begin with a brief address by Scott J. Medhurst, president and chief executive officer, and Michael S. McMillan, executive vice-president and chief financial officer of Toromont Industries, followed by a question and answer period for investment analysts.

Thursday, July 27, 2023, at 8 a.m. (Eastern) -- how to join:

1. Live audio webcast at the company's website;
2. Join teleconference without operator assistance on-line; you will receive an instant automated callback;
3. Join teleconference with operator assistance: dial 888-664-6383 or 416-764-8650 (Toronto area) -- participant pass code: 79776117.

Digital replay until Thursday, Aug. 3, 2023

Call 1-888-390-0541 or 416-764-8677 (Toronto area) and enter pass code: 776117 followed by the pound key

About Toromont Industries Ltd.

Toromont Industries operates through two business segments: The Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory -- spanning the Canadian provinces of Newfoundland and Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Quebec, Ontario, and Manitoba, in addition to most of the territory of Nunavut. In addition, the group includes industry-leading rental operations, a complementary material handling business and an agricultural equipment business. CIMCO is a market leader in the design, engineering, fabrication and installation of industrial and recreational refrigeration systems. Both segments offer comprehensive product support capabilities.