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Mullen Group and/or the
Corporation ) announced today that it has received approval from the Toronto Stock Exchange (the
Exchange ) for the renewal of its normal course issuer bid (the
Bid ).  
For its Bid that began on March 9, 2020 and that will expire on March 8, 2021, Mullen Group previously received approval from the Exchange to repurchase up to 7,972,926 common shares (
Shares ). Of this amount, the Corporation has already repurchased 7,972,296 Shares for a total cost of approximately $53.4 million, representing an average price of $6.70 per Share.
Pursuant to the renewed Bid, the Corporation may repurchase from time to time up to a maximum of 7,928,623 Shares, which represents approximately 10% of the Corporation s Public Float (as that term is defined in the policies of the Exchange) between March 9, 2021 and March 8, 2022. Purchases may be made through the facilities of the Exchange or through alternative Canadian trading systems, if e ....

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