24/06/2021

Dye & Durham Special Committee Appoints Financial Advisors

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Dye & Durham announced today that the special committee of the board of directors of Dye & Durham, chaired by Brian Derksen, (the “Special Committee“) has appointed J.P. Morgan and Scotiabank to act as its independent financial advisors in connection with its previous announcement that Dye & Durham has commenced a strategic review process in response to a proposal to acquire Dye & Durham received from a shareholder group led by certain members of management (the “Management Group“). The special committee has also engaged Osler, Hoskin & Harcourt LLP and Norton Rose Fulbright Canada LLP as its independent legal advisors in connection with the strategic review process.

The Special Committee continues to review the Management Group’s proposal, which remains subject to a number of conditions, together with its financial and legal advisors. As previously announced, the Special Committee has a broad mandate to consider the Management Group’s proposal, alternatives to such proposal, and maintaining the status quo, and continues to carry out its work.

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