Superior Releases 2021 Sustainability Report

Superior Plus Corp. (“Superior”) (TSX:SPB) is pleased to publish its second Sustainability Report which outlines its established environmental, social and governance (“ESG”) practices. The report includes insight into Superior’s 2021 operations and future milestones, and the Sustainability Report is available at www.superiorplus.com/investor-relations/financial-reports/.

“The release of our second Sustainability report with improved disclosure demonstrates our focus on prioritizing ESG in our operations,” said Luc Desjardins, President and Chief Executive Officer. “We are also developing an enterprise-wide sustainability strategy, supported by meaningful targets as we move forward on our carbon reduction and energy transition initiatives.”

Mr. Desjardins further added, “Superior’s resilient base business model and strong track record on execution positions us well to capture growth opportunities through the transition to a lower carbon energy environment. We are also evaluating opportunities for our existing and prospective commercial customers to help them decarbonize their operations through new product offerings, including green hydrogen and low carbon propane.”

About the Corporation

Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing approximately 890,000 customer locations in the U.S. and Canada.

For further information about Superior, please visit Superior’s 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, Capital Markets, Tel: (416) 340-6003, E-mail: [email protected], Toll-Free: 1-866-490-PLUS (7587).

Forward Looking Information

This news release contains certain forward-looking information and statements based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will”, "expects", "annualized", and similar expressions.

In particular, this news release contains forward-looking statements and information relating to the development of an enterprise-wide sustainability strategy supported by meaningful targets. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release, regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2021, which can be found at www.sedar.com.

Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.

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Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015

Rob Dorran
Vice President, Capital Markets
Tel: (416) 340-6003
E-mail: [email protected]
Toll-Free: 1-866-490-PLUS (7587)