Trican Well Service Ltd T.TCW

Dividend

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• On February 21, 2024, the Company's board of directors approved a dividend of $0.045 per share reflecting an increase of 12.5% from the previous quarterly dividend payment of $0.04 per share. The increase will offset the reduction in share count as a result of the Company's ongoing NCIB program to keep the annual expected dividend payout at approximately $36 million. The distribution is scheduled to be made on March 29, 2024 to shareholders of record as of the close of business on March 15, 2024.

• The dividends are designated as eligible dividends for Canadian income tax purposes.