Ms. Maggie MacDougall reports

ADENTRA ANNOUNCES NORMAL COURSE ISSUER bid

The Toronto Stock Exchange (the TSX) has accepted a notice filed by Adentra Inc. of its intention to make a normal course issuer bid to be transacted through the facilities of the TSX or any alternative Canadian trading system.

The notice provides that the company may, during the period commencing on Jan. 2, 2026, and ending on Dec. 31, 2026, purchase up to 2,314,014 of its common shares in total, being approximately 10 per cent of the company's public float (as that term is defined in the policies of the TSX) based on 24,217,388 issued and outstanding shares as at Dec. 19, 2025. The price which the company will pay for any such shares will be the prevailing market price at the time of acquisition. The actual number of shares which may be purchased pursuant to the bid will be determined by management of the company. All shares will be purchased for cancellation.

Pursuant to TSX policies, as of Dec. 19, 2025, the company's public float consists of 23,140,140 shares. Under the bid, the maximum number of shares the company may purchase during any trading day will be 13,347, which represents 25 per cent of the average daily trading volume of 53,388 shares on the TSX for the period from June 1, 2025, to Nov. 30, 2025. In addition, the company may make, once per week, a block purchase of shares not directly or indirectly owned by insiders of the company, in accordance with TSX policies.

The board of directors believes that during the course of the bid the market price of the shares may not, from time to time, reflect the underlying value of the company. As a result, depending upon future price movements and other factors, the board of directors believes that the purchase of the shares may be in the best interests of the company and its shareholders. Furthermore, any purchases are expected to benefit all persons who continue to hold shares by increasing their equity interest in the company when the repurchased shares are cancelled.

Under the company's current normal course issuer bid that commenced Jan. 2, 2025, and terminates Dec. 31, 2025, the company was authorized to purchase up to 2,391,609 shares. Under that bid, the company purchased 870,981 shares through open market at a volume-weighted average price of $28.94 per share during the period from Jan. 2, 2025, to Dec. 19, 2025.

In connection with the bid, the company will enter into an automatic share purchase plan (ASPP) with a designated broker. The ASPP is intended to allow for the purchase of shares under the bid at times when the company would ordinarily not be permitted to purchase shares due to regulatory restrictions and customary self-imposed blackout periods. Pursuant to the ASPP, before entering into a blackout period, the company may, but is not required to, instruct the designated broker to make purchases under the bid in accordance with the terms of the ASPP. Such purchases will be determined by the designated broker at its sole discretion based on purchasing parameters set by the company in accordance with the rules of the TSX and any applicable alternative Canadian trading system, applicable securities laws and the terms of the ASPP. The ASPP will be in effect for the term of the bid.

About Adentra Inc.

Adentra is one of North America's largest distributors of architectural building products to the residential, repair and remodel, and commercial construction markets. The company operates a network of more than 80 facilities in the United States and Canada. Adentra's common shares are listed on the Toronto Stock Exchange under the symbol ADEN.