Superior Plus Announces Cyber Security Incident

TORONTO–(BUSINESS WIRE)–Superior Plus Corp. (“Superior” or the “Corporation”) (TSX:SPB) today announced that the Corporation was subject to a ransomware incident on Sunday, December 12, 2021, which impacted the Corporation’s computer systems.

Upon learning of the incident, Superior took steps to secure its systems and mitigate the impact to the Corporation’s data and operations. Independent cybersecurity experts have been retained to assist the Corporation in dealing with the matter in accordance with industry best practices.

Superior has temporarily disabled certain computer systems and applications as it investigates this incident and is in the process of bringing these systems back online.

Superior is in the process of assessing the impact to the Corporation’s operations. At the present time, Superior has no evidence that the safety or security of any customer or other personal data has been compromised.

Superior is committed to data safety, is taking the matter very seriously and asks its customers and partners for their patience as it seeks to remediate the situation.

About Superior

Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing over 780,000 customer locations in the U.S. and Canada.

For further information about Superior, please visit our 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, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: investor-relations@superiorplus.com, Toll Free: 1-866-490-PLUS (7587).

Forward Looking Information

Certain information included in this press release may constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, activities, objectives, operations, strategy, business outlook, and financial performance and condition of the Corporation, or the assumptions underlying any of the foregoing. In this press release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information, by its very nature, is subject to numerous risks and uncertainties and is based on several assumptions which give rise to the possibility that actual results could differ materially from the Corporation’s expectations expressed in or implied by such forward-looking information and no assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including but not limited to the timing for the investigation and recovery process, the impact on Superior’s business operations, future plans, activities, objectives, operations, strategy, business outlook and financial performance and condition of the Corporation.

Forward-looking information contained in this press release includes Superior’s plans to address the cyber security incident and its expected impact on Superior’s operations and the safety and security of its customers personal data. Forward-looking is provided in this press release for the purpose of giving information about Management’s current expectations and plans and allowing investors and others to get a better understanding of the Corporation’s operating environment. However, readers are cautioned that it may not be appropriate to use such forward-looking information for any other purpose.

Forward-looking information provided in this press release is based on information available at the date hereof and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Corporation’s control. Specifically, the forward-looking statements herein are subject to the risk that the investigation of the cyber security breach is in its initial stages so the assessment of the potential impact could change over time as more information gathered. 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.

Contacts

Beth Summers

Executive Vice President and Chief Financial Officer

Tel: (416) 340-6015

or

Rob Dorran

Vice President, Investor Relations and Treasurer

Tel: (416) 340-6003

E-mail: investor-relations@superiorplus.com
Toll Free: 1-866-490-PLUS (7587).