Mr. George McClean reports

WAJAX ANNOUNCES ELECTION OF DIRECTORS

The nominees listed in Wajax Corp.'s management information circular dated March 3, 2026, have been elected as directors of Wajax. The detailed results of the vote for the election of directors held at the annual meeting of shareholders of the corporation, held on May 5, 2026 in Toronto, Ont., are set out in the attached table.

On a vote conducted by ballot, each of the 10 nominees proposed by management was elected as a director of Wajax.

The corporation also announced the appointment of A. Jane Craighead as board chair, Thomas M. Alford as chair of the governance committee of the board, and David G. Smith as chair of the human resources and compensation committee of the board.

Edward M. Barrett, a director of the corporation since 2006 and board chair since 2022, retired from the board at the conclusion of the meeting. "On behalf of our shareholders, management and our fellow directors, I would like to express our sincere thanks to Ed for his invaluable contributions to Wajax," said George McClean, president and chief executive officer of the corporation. "We wish him all the best on his retirement from the Wajax board."

About Wajax Corp.

Founded in 1858, Wajax is one of Canada's longest-standing and most diversified industrial products and services providers. The corporation operates an integrated distribution system providing sales, parts and services to a broad range of customers in diverse sectors of the Canadian economy, including: construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government and utilities, and oil and gas.