Superior Plus Corp. — Capital/Financing Update 2021

Jul 7, 2021

NEWS

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TSX:SPB Toronto, July 7, 2021

For Immediate Release

Superior Plus Continues U.S. Growth Strategy with the Acquisition of Williams Energy

Superior Plus Corp. (“Superior”) announced today it has acquired the assets of a retail propane distribution company based in North Carolina, operating under the tradename, Williams Energy Group (“Williams Energy”).

“The acquisition of Williams Energy is Superior’s fifth acquisition in 2021 and supports our Superior Way Forward growth strategy initiative of executing on accretive acquisitions in our operational areas. This acquisition scales our existing footprint in North Carolina, and provides us with a strong customer base and synergy opportunities from combining our existing operations and the recent Freeman Gas acquisition,” said Luc Desjardins, Superior’s President and CEO. “Williams Energy is a well-run, customer-focused business and we look forward to welcoming the team and customers to Superior.”

Founded in 1998, Williams Energy is an established independent retail propane distributor delivering approximately ~7 million gallons of propane annually to 12,000 retail and commercial customers in North Carolina.

About the Corporation

Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing over 780,000 customer locations in the U.S. and Canada.

For further information about Superior, please visit our website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: investor-relations@superiorplus.com, Toll Free: 1-866-490-PLUS (7587).