Engine Capital Calls on Parkland Corp.’s Board of Directors to Pursue Strategic Alternatives

Believes Board Should Immediately Commit to Running a Comprehensive Review of Strategic Alternatives Following Several Years of Share Price Underperformance, Inefficient Operations and Suboptimal Capital Allocation

Estimates a Sale to a Strategic Acquirer Would Yield Approximately $64 Per Share for Shareholders, Likely Representing the Best Risk-Adjusted Path Forward

Engine Capital LP, which owns approximately 2.5% of Parkland Corporation’s (TSX: PKI) outstanding shares, today sent the above letter to members of Parkland Corporation’s Board of Directors.

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About Engine Capital

Engine Capital LP is a value-oriented special situations fund that invests both actively and passively in companies undergoing change.

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