Taiga Announces Extension of Normal Course Issuer Bid

BURNABY, BC, Aug. 27, 2026 /CNW/ -- Taiga Building Products Ltd. ("Taiga" or the "Company") (TSX: TBL) announces that the Toronto Stock Exchange (the "TSX") has accepted Taiga's notice of intention to make a new normal course issuer bid (the "2026 NCIB") for its common shares (the "Common Shares") through the facilities of the TSX or any other Canadian alternative trading system, renewing Taiga's normal course issuer bid program that expires on September 3, 2026. On September 4, 2026, Taiga may commence making purchases, from time to time, up to a maximum of 5,397,226 of its 107,944,523 outstanding Common Shares as at August 21, 2026, representing 5% of the outstanding Common Shares. The actual number of Common Shares purchased will be determined by the Company. The 2026 NCIB will terminate on September 3, 2027, or earlier if Taiga has completed its purchases under the 2026 NCIB.

Taiga believes that the 2026 NCIB is in the best interests of the Company and its shareholders and represents a desirable use of corporate funds. Any Common Shares acquired pursuant to the 2026 NCIB will be purchased at the prevailing market price up to a daily maximum of 1,186 Common Shares, being 25% of the average daily trading volume for the last six completed calendar months of 4,745 Common Shares, subject to the block purchase exemption, and will be cancelled following purchase.

Taiga's prior NCIB commenced on September 4, 2025 and will expire on September 3, 2026. Under the prior NCIB, the Company received approval to purchase up to 5,397,226 Common Shares. The Company did not purchase any Common Shares under the prior NCIB through the facilities of the TSX or other Canadian alternative trading systems.

In connection with the 2026 NCIB, the Company has entered into an automatic share purchase plan (the "ASPP") with RBC Dominion Securities Inc. ("RBC DS") to permit purchases when the Company would ordinarily not be permitted to purchase Common Shares due to regulatory restrictions or self-imposed blackout periods. Under the ASPP, the Company may, but is not required to, instruct RBC DS to make purchases in accordance with the terms of the ASPP. Such purchases will be determined by RBC DS in its sole discretion based on parameters established by the Company, TSX rules, applicable securities laws and the ASPP. All purchases under the ASPP will count toward the 2026 NCIB.

Forward-Looking Information

This news release contains forward-looking information based on current expectations, beliefs, assumptions, estimates and forecasts about the Company's business and the industry and markets in which it operates. Forward-looking information does not guarantee future performance and involves risks, uncertainties and assumptions that are difficult to predict and may cause actual results to differ materially from expected results. Statements concerning the Company's plans, intentions or potential outcomes regarding the 2026 NCIB constitute forward-looking information. Investors are cautioned that all forward-looking information involves risks and uncertainties, including risk factors identified from time to time in the Company's public filings. Readers should not place undue reliance on forward-looking information, which is qualified in its entirety by this cautionary statement. Taiga does not undertake to publicly revise or update voluntary forward-looking information except as required by applicable securities law.

SOURCE Taiga Building Products Ltd.

For further information regarding Taiga, please contact: Mark Schneidereit-Hsu, CFO and VP, Finance & Administration, Tel: [phone], Email: [email protected]