KEY PRIORITIES INCLUDE BUILDING THE BEST TEAM, STRENGETHENING CUSTOMER AND SUPPLIER PARTNERSHIPS, SUPPORTING LOCAL COMMUNITITES AND DELIVERIVING ON COMMITMENTS

Toronto, Ontario – October 8, 2026 – Wajax Corporation (“Wajax” or the “Corporation”) today announced its 2027 Strategy Roadmap, outlining the priorities, investments and organizational initiatives that will help guide the Corporation’s next phase of growth. The Strategy Roadmap is the culmination of a strategic planning process undertaken by leaders from across the business. Wajax also announced planned organizational changes to provide greater focus on profitable growth and to enhance customer and supplier experience.

“Since joining as CEO in March 2026, I have visited Wajax locations all across Canada and heard directly from team members, customers and supplier partners,” said George McClean, President and Chief Executive Officer. “These discussions confirmed that Wajax has a strong foundation, great people and significant opportunities ahead. They also reinforced that there are areas where we can improve and become a more competitive business.”

Mr. McClean continued, “Over the past six months, we have completed a detailed strategic planning process. Gathering a team of 18 senior leaders from across the business, we set out to identify the investments, capabilities and operational priorities required to support profitable growth and to strengthen our competitive position. The work encompassed all of our businesses and regions, with particular attention to our sales force, technicians, go-to-market initiatives, and the organizational and talent capabilities required to support growth.”

The 2027 Strategy Roadmap establishes four key priorities:

• Building the Best Team through a focus on safety, shared values and behaviours, leadership excellence, a strong culture and team member experience, and training and developing our people.
• Customer and Supplier Partner Focus through providing a great customer experience, building true partnerships with our suppliers, driving sales force excellence, and making strategic investments.
• Supporting our Communities through a coordinated approach to community investment, enhanced engagement, educational partnerships and environmental responsibility.
• Delivering on our Commitments through smart investments and spending, operational excellence and profitable market share growth.

To advance these priorities, Wajax will evaluate targeted investments in a number of areas critical to supporting future growth, including technician recruitment and development, leadership training, sales capabilities, digital and eCommerce tools, as well as selected supply chain and facility investments.

Wajax also plans to implement organizational changes designed to provide greater role clarity and accountability while strengthening its focus on customer and supplier partner relationships. Under this new structure, Wajax intends to appoint a President of Equipment, Parts and Service, and a President of Industrial Products and Engineered Repair Services, each with responsibility for profitable sales growth, category management, supplier partner relationships, and operations within their respective businesses. Management believes these changes will enhance accountability and execution while providing greater leadership focus on profitable growth over the long term. This structure will also allow Wajax to be more sales focused, easier to do business with for customers and supplier partners, and more competitive across Canada.

An additional important outcome of the strategic planning process is the establishment of Wajax’s long-term vision: By 2031, Wajax will be Canada’s fastest growing provider of industrial products, equipment and services. The 2027 Strategy Roadmap establishes the initial priorities, investments and organizational initiatives intended to achieve that vision.

“Our 2027 Strategy Roadmap reflects what we believe matters most to the long-term success of Wajax,” said Mr. McClean. “We are focused on building the best team, strengthening customer and supplier partnerships, supporting the communities where we live and work, and delivering on our commitments. These priorities will position Wajax for profitable growth and will support our new vision of becoming Canada’s fastest growing provider of industrial products, equipment and services by 2031.”

Mr. McClean concluded, “We are also proud to introduce our updated logo, which now incorporates a maple leaf, and our new ‘Building Canada Together Since 1858’ branding, which reflects both our Canadian identity and the role Wajax has played in supporting customers, industries and communities across Canada for 168 years. We have important work ahead of us, and we look forward to sharing additional details regarding our priorities, investments, and organizational initiatives in the weeks and months to come.”

About Wajax Corporation
Founded in 1858, Wajax (TSX: WJX) 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, oil sands, mining, oil and gas, forestry, metal processing, industrial and commercial, transportation, and government and utilities.

Cautionary Statement Regarding Forward-Looking Information
This news release contains certain forward-looking statements and forward-looking information, as defined in applicable securities laws (collectively, “forward-looking statements”). These forward-looking statements relate to future events or the Corporation’s future performance. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward looking statements can be identified by the use of words such as “plans”, “anticipates”, “intends”, “predicts”, “expects”, “is expected”, “scheduled”, “believes”, “estimates”, “projects” or “forecasts”, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors beyond the Corporation’s ability to predict or control which may cause actual results, performance and achievements to differ materially from those anticipated or implied in such forward-looking statements. To the extent any forward-looking information in this news release constitutes future-oriented financial information or financial outlook within the meaning of applicable securities law, such information is being provided to demonstrate the potential of the Corporation and readers are cautioned that this information may not be appropriate for any other purpose. There can be no assurance that any forward-looking statement will materialize. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, reflect management’s current beliefs and are based on information currently available to management. Although management believes that the expectations represented in such forward-looking statements are reasonable, there is no assurance that such expectations will prove to be correct. Specifically, this news release includes forward-looking statements regarding, among other things: the Corporation’s 2027 Strategy Roadmap, including the identified strategic priorities, anticipated investments and organizational initiatives described therein; the Corporation’s plans to evaluate and pursue investments in areas including technician recruitment and development, leadership training, sales capabilities, digital and eCommerce tools, and selected supply chain and facility initiatives; the implementation and anticipated benefits of planned organizational changes, including the appointment of a President of Equipment, Parts and Service and a President of Industrial Products and Engineered Repair Services and the responsibilities associated with those roles; management’s expectations regarding the Corporation’s ability to enhance execution, improve competitiveness, strengthen customer and supplier relationships and support profitable growth; the Corporation’s vision of becoming Canada’s fastest growing provider of industrial products, equipment and services by 2031; and the anticipated timing and content of future communications regarding strategic priorities, investments, organizational initiatives and implementation plans. These statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions regarding: the absence of significant negative changes to general business and economic conditions; our ability to manage our business through ongoing uncertainty related to Canada-U.S. trade dynamics, including the imposition of new or changing trade tariffs; limited negative fluctuations in the supply and demand for, and the level and volatility of prices for, oil, natural gas and other commodities; the stability of financial market conditions, including interest rates; the ability of Hitachi Construction Machinery Americas Inc. (“Hitachi”) and Wajax to develop and execute successful sales, marketing and other plans related to the enhanced direct distribution relationship which took effect on March 1, 2022; our continued ability to execute our strategic priorities, including our ability to execute on our organic growth priorities, complete and effectively integrate acquisitions, and successfully implement new information technology platforms, systems and software, such as our ERP system; our ability to successfully implement the strategic priorities, organizational initiatives and leadership changes described in the 2027 Strategy Roadmap and realize the anticipated benefits associated with those initiatives; the future financial performance of the Corporation; limited fluctuations in our costs; the level of market competition; our continued ability to attract and retain skilled staff; our continued ability to procure quality products and inventory; and our ongoing maintenance of strong relationships with suppliers, employees and customers. The foregoing list of assumptions is not exhaustive. Factors that may cause actual results to vary materially include, but are not limited to: a continued or prolonged deterioration in general business and economic conditions; continued or prolonged uncertainty related to Canada-U.S. trade dynamics; new tariffs and/or counter-tariffs imposed on cross-border trade, particularly between Canada and the U.S.; negative fluctuations in the supply and demand for, and the level of prices for, oil, natural gas and other commodities; a continued or prolonged decrease in the price of oil or natural gas; the inability of Hitachi and Wajax to develop and execute successful sales, marketing and other plans related to the enhanced direct distribution relationship which took effect on March 1, 2022; the inability to successfully implement the strategic priorities, organizational initiatives and leadership changes described in the 2027 Strategy Roadmap or to realize the anticipated benefits expected from those initiatives; a decrease in levels of customer confidence and spending; supply chain disruptions and shortages; fluctuations in financial market conditions, including interest rates; the level of demand for, and prices of, the products and services we offer; decreased market acceptance of the products we offer; the termination of distribution or original equipment manufacturer agreements; unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalation, our inability to reduce costs in response to slow-downs in market activity, unavailability of quality products or inventory, supply disruptions, job action and unanticipated events related to health, safety and environmental matters); our inability to attract and retain skilled staff and our inability to maintain strong relationships with our suppliers, employees and customers. The foregoing list of factors is not exhaustive.

Further information concerning the risks and uncertainties associated with these forward-looking statements and the Corporation’s business may be found in our Management’s Discussion and Analysis for the year-ended December 31, 2025 (the “2025 MD&A”), which has been filed under the Corporation’s profile on SEDAR+ at www.sedarplus.ca, under the heading “Risk Management and Uncertainties”. The forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement. The Corporation does not undertake any obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless so required by applicable securities laws.

Readers are cautioned that the risks described in the 2025 MD&A are not the only risks that could impact the Corporation. Risks and uncertainties not currently known to the Corporation, or currently deemed to be immaterial, may have a material effect on the Corporation’s business, financial condition or results of operations. Additional information, including Wajax’s 2025 Annual Report, is available under the Corporation’s profile on SEDAR+ at www.sedarplus.ca.