TSL Tree Island Steel Ltd

Tree Island Steel Ltd. (“Tree Island” or the “Company”) (TSX:TSL) is pleased to announce that its Board of Directors has declared a quarterly dividend of $0.03 per share on the issued and outstanding Common Shares of the Company, payable on October 15, 2021, to holders of record at the close of business on September 30, 2021.

This is in addition to the $0.05 per share special dividend declared and announced on July 27, 2021 and also payable on October 15, 2021.

About Tree Island Steel

Tree Island Steel, headquartered in Richmond, British Columbia, since 1964, through its four operating facilities in Canada and the United States, produces wire products for a diverse range of industrial, residential construction, commercial construction and agricultural applications. Its products include galvanized wire, bright wire; a broad array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products; concrete reinforcing mesh; fencing and other fabricated wire products. The Company markets these products under the Tree Island®, Halsteel®, K-Lath®, TI Wire®, Tough Strand® and ToughPanel™ brand names.

For more information, please contact:

Ali MahdaviInvestor Relations & Capital Markets(416) 962-3300email: amahdavi@treeisland.comWebsite: www.treeisland.com