/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

BURNABY, BC, Aug. 31, 2023 /CNW/ - Taiga Building Products Ltd. ("Taiga" or the "Company") (TSX: TBL) would like to clarify a typographical error made in the first and second paragraph of its press release dated August 29, 2023. The first paragraph stated that Taiga's new normal course issuer bid (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. The second paragraph stated that the common shares of the Company (the "Common Shares") acquired pursuant to the 2023 NCIB will be subject to a daily maximum of 4,247 Common Shares, being 25% of the average daily trading volume for the last six completed calendar months of 16,990 Common Shares, subject to the block purchase exemption.