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Source : Contacts : Stella - Jones Inc. Silvana Travaglini , CPA , CA Senior Vice - President and Chief Financial Officer Stella - Jones Tel .: ( 514 ) 940-8660 stravaglini@stella-jones.com Stella - JoneS Pierre Boucher , CPA , CMA Jennifer McCaughey , CFA Maison Brison Communications Tel .: ( 514 ) 731-0000 pierre@maisonbrison.com jennifer@maisonbrison.com STELLA - JONES ANNOUNCES NORMAL COURSE ISSUER BID Montreal , Quebec November 9 , 2021 - Stella - Jones Inc. ( TSX : SJ ) ( " Stella - Jones " or the " Company " ) announced today that the Toronto Stock Exchange ( " TSX " ) has accepted its Notice of Intention to Make a Normal Course Issuer Bid ( the " Notice " ) . Pursuant to the Notice , Stella - Jones may , during the 12 - month period commencing November 12 , 2021 and ending November 11 , 2022 , purchase for cancellation , up to 4,000,000 Common Shares , representing approximately 8 % of the public float of its Common Shares . As at October 31 , 2021 , Stella - Jones had 64,485,647 Common Shares issued and outstanding . As approved by the TSX , the Company was authorized to purchase for cancelation up to 3,500,000 Common Shares during the 12 - month period commencing on August 10 , 2020 and ending on August 9 , 2021. During such period , the Company purchased 3,057,326 Common Shares through the facilities of the TSX at a weighted average price of $ 45.40 per Common Share , for a total consideration of $ 138,796,156 . The Notice provides that purchases under the Normal Course Issuer Bid will be effected on the open market through the facilities of the TSX . The average daily trading volume ( the " ADTV " ) of the Common Shares on the TSX for the six - month period ended October 31 , 2021 was 175,851 Common Shares and , therefore , in accordance with the requirements of the TSX , the daily purchase limit under the NCIB on the TSX will be 43,962 Common Shares , representing 25 % of the ADTV , subject to certain prescribed exceptions . The price that Stella - Jones will pay for any Common Shares acquired by Stella - Jones under the Normal Course Issuer Bid will be the market price of the Common Shares at the time of acquisition . Purchases will be made at management's discretion . Additionally , Stella - Jones has implemented an automatic share purchase plan with its designated broker in connection with the Normal Course Issuer Bid in order to allow , if deemed advisable by Stella - Jones , for share purchases during self - imposed blackout periods . The Board of Directors of Stella - Jones believes that the repurchase of Common Shares , which Stella - Jones may carry out from time to time , represents an attractive and responsible investment of capital and is in the best interests of Stella - Jones . ABOUT STELLA - JONES Stella - Jones Inc. TSX : SJ ) is a leading producer and marketer of pressure treated wood products . The Company supplies North America's electrical utilities and telecommunication companies with utility poles and the continent's railroad operators with railway ties and timbers . Stella - Jones also manufactures and distributes residential lumber and accessories to retailers for outdoor applications , as well as industrial products for construction and marine applications . The Company's common shares are listed on the Toronto Stock Exchange . CAUTION REGARDING FORWARD - LOOKING INFORMATION Except for historical information provided herein , this press release may contain information and