Mr. Ali Mahdavi reports

TREE ISLAND ANNOUNCES MEETING RESULTS FOR ELECTION OF DIRECTORS

All matters put forward for consideration at Tree Island Steel Ltd.'s 2025 annual general meeting of shareholders have received requisite shareholder approval. Results of the voting for the director elections at the meeting are described below and additional information regarding the full results of all matters voted on at the meeting may be found in the company's filing on SEDAR+.

Board of directors

All nominees listed in the management proxy circular for the meeting were elected as directors of Tree Island. The six director nominees proposed by management were elected by a show of hands. In total, 17,117,784 shares were represented in person or by proxy at the meeting, representing approximately 65.85 per cent of the outstanding shares as of the record date of May 6, 2025. Detailed results of the votes received by proxy for the election of directors held at the meeting are set out in the attached table.

The sum of individual percentages may not equal 100 per cent due to rounding.

About Tree Island Steel Ltd.

Tree Island Steel, 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; and fencing and other fabricated wire products. The company markets these products under the Tree Island, Halsteel, K-Lath, TI Wire, Tough Strand and ToughPanel brand names.