Toromont Industries Ltd. (TSX: TIH) ('Toromont') is pleased to announce that on April 28, 2023, at its Annual Meeting of Shareholders, all the nominees listed in its Management Information Circular dated February 28, 2023 were elected as Directors of Toromont.

About Toromont

Toromont Industries Ltd. operates through two business segments: The Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory - spanning the Canadian provinces of Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Quebec, Ontario and Manitoba in addition to most of the territory of Nunavut. In addition, the Group includes industry leading rental operations, and a complementary material handling business. CIMCO is a market leader in the design, engineering, fabrication and installation of industrial and recreational refrigeration systems. Both segments offer comprehensive product support capabilities. This press release and more information about Toromont Industries can be found at www.toromont.com.

Contact:

Tel:(416) 514-4790

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