Mr. Ali Mahdavi reports

TREE ISLAND STEEL ANNOUNCES QUARTERLY DIVIDEND

Tree Island Steel Ltd.'s board of directors has declared a quarterly dividend of three cents per share, on the issued and outstanding common shares of the company, payable on Oct. 13, 2023, to shareholders of record at the close of business on Sept. 29, 2023.

About Tree Island Steel Ltd.

Tree Island, headquartered in Richmond, B.C., since 1964, through its operating facilities in Canada and the United States, produces wire products for a diverse range of industrial, residential construction, commercial construction and agricultural applications. Its products include galvanized wire, bright wire, a broad array of fasteners, including packaged, collated and bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The company markets these products under the Tree Island, Halsteel, K-Lath, TI Wire, ToughStrand and ToughPanel brand names.