Superior Receives TSX Approval for Normal Course Issuer Bid

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TORONTO — Superior Plus Corp. (“Superior“) is pleased to announce that the Toronto Stock Exchange (“TSX“) has accepted Superior’s notice of intention to commence a normal course issuer bid (“NCIB“) through the facilities of the Toronto Stock Exchange (“TSX“) and/or other alternative trading systems in Canada.

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The NCIB will commence on November 19, 2025 and will terminate on the earlier of November 18, 2026, the date on which Superior has purchased the maximum number of its common shares (“Common Shares“) permitted under the NCIB or the date on which Superior terminates the NCIB in accordance with its terms.

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The NCIB allows Superior to repurchase Common Shares in line with its broader capital allocation strategy. Superior believes that, from time to time, the Common Shares trade in price ranges that do not fully reflect their value. In such circumstances, Superior believes that acquiring its Common Shares represents an attractive and desirable use of funds.

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Under the NCIB, Superior may, over a 12-month period commencing on November 19, 2025, purchase in the normal course through the facilities of the TSX and/or Canadian alternative trading systems, if eligible, up to 21,551,556 Common Shares, such amount representing 10% of the public float (as defined by the TSX) of the Common Shares as at November 5, 2025. Superior had 222,969,783 Common Shares issued and outstanding on November 5, 2025.

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Purchases under the NCIB will be subject to certain pricing limits set by the board of directors of Superior from time to time. Furthermore, subject to certain exemptions for block purchases, the maximum number of Common Shares that Superior may acquire on any one trading day is 164,568 Common Shares, such amount representing 25% of the average daily trading volume of the Common Shares of 658,273 for the six calendar months prior to the start of the NCIB. All Common Shares purchased by Superior under the NCIB will be cancelled.

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Superior’s previous NCIB, in respect of which Superior sought and received approval from the TSX, authorized the purchase of up to 24,117,330, Common Shares and expired on August 6, 2025, the date on which Superior had acquired such maximum number of Common Shares.

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Superior has engaged a broker to administer the NCIB. Superior will also enter into an automatic purchase plan (“APP“) with its broker in relation to the NCIB to facilitate purchases of Common Shares under the NCIB at times when Superior normally would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Pursuant to the APP, from time to time, when Superior is not in possession of material non-public information about itself or its securities, Superior may, but is not required to, direct its broker to make purchases of Common Shares under the NCIB during a trading blackout period. Such purchases will be based on trading parameters established by Superior at the time of giving such direction in accordance with the rules of the TSX, applicable securities laws and the terms of the APP.

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About Superior Plus

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Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 750,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers low carbon

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fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.

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Superior defines ‘low carbon’ and ‘lower carbon’ fuels as those with a lower carbon intensity than fossil fuels that may be utilized in the same application (e.g. diesel, gasoline).

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Forward-Looking Information

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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 “may”, “will”, “expects”, and similar expressions.

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In particular, this news release contains forward-looking statements and information relating to share repurchases under the NCIB, including potential repurchases to be made and the effects and benefits of the NCIB. 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: prevailing and future market prices for the Common Shares, prevailing and future 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; future cash flow and debt levels; and that all required regulatory approvals will be obtained in a timely manner. These forward-looking statements are not guarantees of future performance and are subject to several known and unknown risks and uncertainties, including, but not limited to: general economic and market conditions in Canada, North America and elsewhere; market prices for the Common Shares being too high to realize the anticipated benefits of the NCIB; fluctuations in operating results; 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, 2024, which can be found under Superior’s profile at