Intention to list TITAN America in the US equity market

Titan America, a US$1.6 billion sales business, is a leading and fully integrated player in the high-growth economic mega-regions of the US East Coast, with operations and leading market positions across Florida, the Mid-Atlantic, and Metro New York/New Jersey.

The listing is anticipated to take place on a stock exchange in New York and will be accompanied by an IPO of a minority stake, consistent with the typical percentage of company stock sold in US IPOs, without creating any incremental tax burden. The transaction is anticipated to be completed in early 2025.