Page 1

G F NEWS RELEASE GREEN FOR LIFE environmental GFL Environmental Announces Proposed Acquisition of Terrapure Environmental 3/15/2021 VAUGHAN , ON , March 15 , 2021 / PRNewswire / - GFL Environmental Inc. ( NYSE : GFL ) ( TSX : GFL ) ( " GFL " or the " Company " ) , a leading North American diversified environmental services company , today announced that it has entered into a definitive agreement to acquire the solid waste and environmental solutions business of Terrapure Environmental Ltd. and its subsidiaries ( collectively , " Terrapure " ) for an aggregate purchase price of C $ 927.5 million ( the " Acquisition " ) . The Acquisition will exclude the battery recycling business carried on by Terrapure . Terrapure is an integrated provider of solid and liquid waste management and industrial services to more than 7,000 customers across Canada . Terrapure's environmental and organics solutions cover a diverse range of waste streams from generation through collection , processing , recovery , recycling , reuse and disposal through its integrated network of assets including its landfill and its liquid and solid waste collection and processing facilities . Terrapure's operations are supported by a fleet of over 500 collection vehicles and approximately 1,600 employees . Terrapure's operations to be acquired in the Acquisition generated revenue of approximately C $ 365 million in 2020 , inclusive of COVID related volume impacts . Strategic Benefits of the Acquisition The Acquisition advances GFL's growth strategy and aligns with the Company's goal of growing free cash flow . The 1