Doman Building Materials Group To Seek Acquisitions

Doman Building Materials Group Ltd. Announces New Acquisition

Expansion into United States Market

Press Release

VANCOUVER, British Columbia, March 01, 2024 - Doman Building Materials Group Ltd. (the "Company") (TSX: DBM) is pleased to announce that it has entered into an agreement to acquire all of the outstanding shares of [Target Company Name], a leading supplier of building materials in the United States.

The acquisition is expected to close in the second quarter of 2024, subject to customary closing conditions, including regulatory approvals. Financial terms of the transaction were not disclosed.

"This acquisition is a major milestone for Doman," said Amardeep Doman, Chairman and Chief Executive Officer of the Company. "It will significantly expand our geographic reach and product offering, and it will strengthen our position as one of the leading building materials suppliers in North America."

The target company is a privately held company with operations in [States]. It has a strong track record of growth and profitability, and it has a reputation for providing high-quality products and excellent customer service.

The acquisition is expected to be immediately accretive to Doman's earnings and cash flow. It will also provide the Company with a number of strategic benefits, including:

• Increased market share in the United States
• Expansion into new product categories
• Access to a new customer base
• Cost synergies

The Company believes that the acquisition of the target company will be a significant value-creating transaction that will benefit its shareholders, customers, and employees.

About Doman Building Materials Group Ltd.

Doman Building Materials Group Ltd. is a leading supplier of building materials to the residential and commercial construction industries in Canada and the United States. The Company offers a wide range of products, including lumber, roofing, siding, windows, doors, hardware, and tools. Doman has a network of over 300 locations across North America.

Forward-Looking Statements

This press release contains forward-looking statements. These statements are based on current expectations and assumptions, and actual results could differ materially from those expressed in the forward-looking statements. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.