Wajax Corporation — Proxy Solicitation & Information Statement 2025

Apr 3, 2025

WAJAX

NOTICE OF 2025 ANNUAL MEETING

Dear Shareholder,

We invite you to attend the annual meeting of shareholders (the "Meeting") of Wajax Corporation ("Wajax" or the "Corporation").

When

Tuesday, May 6, 2025

11:00 a.m. Eastern Daylight Time

Where

Virtually via live audio webcast, online at Wajax's website at www.wajax.com
– and –
Gateway Ballroom
Sheraton Gateway Hotel, Terminal 3
Toronto Pearson International Airport
Toronto, Ontario

We look forward to welcoming shareholders to the Meeting in person. Shareholders who are not able to attend in person may instead participate in the Meeting online, and vote on the matters before the Meeting by returning their proxy form or voting instruction form, voting online or using the toll-free telephone number set out on the proxy or voting instruction form. Shareholders will be able to submit questions to Wajax management through the live webcast and may also submit questions prior to the Meeting via Wajax's website or via e-mail directed to ir@wajax.com. Shareholders attending the Meeting via live audio webcast who have not voted before the Meeting will not be able to vote during the Meeting.

At the Meeting, shareholders will:

1. receive the consolidated financial statements of Wajax for the year ended December 31, 2024, as well as the auditor's report relating to those statements;
2. elect directors for the coming year;
3. appoint the auditor of Wajax for the coming year and authorize the directors to set the auditor's fees;
4. participate in our advisory vote on executive pay; and
5. consider any other business as may properly come before the Meeting.

By Order of the Board of Directors,

"Andrew W.H. Tam"

Andrew W.H. Tam
General Counsel and Corporate Secretary
March 4, 2025

(Les actionnaires qui préféreraient recevoir la circulaire de sollicitation de procurations en français n'ont qu'à en aviser le secrétaire général de l'entreprise.)

Voting Information

Voting by form of proxy or voting instruction form before the Meeting is the easiest way to vote.

You may also appoint someone to be your proxyholder and vote your shares for you if you cannot participate at the Meeting. Your form of proxy or voting instruction form will provide directions on how to do so.

To vote your shares, please complete, date and sign your form of proxy or voting instruction form. Our transfer agent, Computershare, must receive your completed form by 5:00 p.m. (Eastern Daylight Time) on Friday, May 2, 2025, or 48 hours (excluding Saturdays, Sundays and holidays) before the new time of the Meeting if it is postponed or adjourned.

More detailed information regarding voting is set out starting on page 6 of the accompanying Management Information Circular.