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BURNABY, BC, Aug. 29, 2023 /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 "2023NCIB") for its common shares (Trading Symbol: TBL) (the "Common Shares") through the facilities of the TSX or any other Canadian alternative trading system and renew Taiga's normal course issuer bid program that expires on August 28, 2023.  On August 31, 2023, Taiga may commence making purchases, from time to time, up to a maximum of 5,403,487 of its 108,069,755 outstanding Common Shares as at August 22, 2023, representing 5% of the outstanding Common Shares. The actual number of Common Shares which may be purchased pursuant to the 2023 NCIB will be determined by the Company. The 2023 NCIB will terminate on August 31, 2024 or earlier if Taiga has completed its purchases of the securities subject to the 2023 NCIB. Purchases may be suspended by Taiga at any time and Taiga reserves the right to terminate the 2023 NCIB earlier if it determines it is appropriate to do so.