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Mullen Group Ltd. Notice of Dividend Amount 2021

Jan 22, 2021

46434_rns_2021-01-22_abf23ec6-01eb-43fb-9ec4-91378a9dc0e0.pdf

Notice of Dividend Amount

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NEWS RELEASE

Head Office: 121A - 31 Southridge Drive Okotoks, Alberta, Canada T1S 2N3 Tel: 403-995-5200 Toll-free: 1-866-995-7711 Fax: 403-995-5296

Mullen Group Ltd. Announces Declaration of Monthly Dividend

(Okotoks, Alberta January 22, 2021) (TSX: MTL) The Board of Directors of Mullen Group Ltd. (" Mullen Group ", " We ", " Our " and/or the " Corporation ") announced today that it has declared a monthly dividend of $0.04 per Common Share payable to the holders of record of Common Shares at the close of business on January 31, 2021. The dividend will be paid on February 16, 2021.

For Canadian resident shareholders, this dividend is designated as an "eligible dividend" for purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation.

About Mullen Group Ltd.

Mullen Group is a logistics company that owns a network of independently operated businesses. The Corporation is recognized as one of the leading suppliers of trucking and logistics services in Canada providing a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized and specialized hauling transportation. In addition, we provide a diverse set of specialized services related to the energy, mining, forestry and construction industries in western Canada, including water management, fluid hauling and environmental reclamation. The corporate office provides the capital and financial expertise, legal support, technology and systems support, shared services and strategic planning to its independent businesses.

Mullen Group is a publicly traded corporation listed on the Toronto Stock Exchange under the symbol " MTL ". Additional information is available on our website at www.mullen-group.com or on SEDAR at www.sedar.com.

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