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BURNABY, BC, Aug. 25, 2022 /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 "2022NCIB") for its common shares (Trading Symbol: TBL) (the "Common Shares") through the facilities of the TSX or any other Canadian alternative trading system and renews Taiga's normal course issuer bid program that expired on August 17, 2022. On August 29, 2022, Taiga may commence making purchases, from time to time, up to a maximum of 5,410,448 of its 108,208,963 outstanding Common Shares as at August 16, 2022, representing 5% of the outstanding Common Shares. The actual number of Common Shares which may be purchased pursuant to the 2022 NCIB will be determined by the Company. The 2022 NCIB will terminate on August 28, 2023 or earlier if Taiga has completed its purchases of the securities subject to the 2022 NCIB. Purchases may be suspended by Taiga at any time and Taiga reserves the right to terminate the 2022 NCIB earlier if it determines it is appropriate to do so.