Polaris Materials Corporation

Canaccord Genuity is pleased to announce that on September 29, 2017, Polaris Materials Corporation (“Polaris” or the “Company”) entered into a definitive arrangement agreement with U.S. Concrete, Inc. (“U.S. Concrete”) to be acquired for C$3.40 per share, implying an aggregate fully diluted equity value for the Company of C$309 million (the “U.S. Concrete Agreement”). The purchase price represents a 254% premium to the Company’s unaffected closing share price of C$0.96 on August 25, 2017, the last trading day prior to the announcement of an arrangement agreement with Vulcan Materials Company (“Vulcan”), pursuant to which Vulcan was to acquire the Company for C$2.79 per share. The Special Committee and the Board of Directors have unanimously recommended that shareholders, optionholders and deferred unitholders of Polaris vote in favour of the U.S. Concrete Agreement.

Polaris is engaged in the development and operation of construction aggregate quarries in Canada to supply distribution facilities in the United States through coastal shipping. The Company’s active construction interests consist of its Orca Sand and Gravel Quarry in British Columbia, Canada and two associated receiving terminals in Richmond and Long Beach, California. U.S. Concrete is a leading producer of ready-mixed concrete and aggregate products in San Francisco, Dallas/Ft. Worth, New York City, New Jersey and Washington, D.C.

Canaccord Genuity is acting as exclusive financial advisor to Polaris on the transaction and rendered a fairness opinion to the Board that the arrangement is fair, from a financial point of view.