Brampton Brick Limited

Brampton Brick Limited

August 09, 2005 13:50 ET

Brampton Brick Limited Announces Normal Course Issuer Bid

BRAMPTON, ONTARIO--(CCNMatthews - Aug. 9, 2005) - Brampton Brick Limited (TSX:BBL.SV.A) announced today that The Toronto Stock Exchange (the "Exchange") has accepted a notice filed by BBL of its intention to make a Normal Course Issuer Bid (the "Bid").

The notice provides that BBL may, during the 12 month period commencing August 11, 2005 and ending August 10, 2006, purchase on the Exchange up to 420,000 Class A subordinate voting shares in total, being approximately 5% of the total number of Class A subordinate voting shares outstanding. The price which BBL will pay for any such shares will be the market price at the time of acquisition. The actual number of Class A subordinate voting shares which may be purchased pursuant to the Bid and the timing of any such purchases will be determined by management of BBL. As at July 31, 2005 there are approximately 8,417,854 Class A subordinate voting shares and 2,429,000 Class B multiple voting shares outstanding. All Class A subordinate voting shares purchased pursuant to the Bid will be cancelled.

The Corporation purchased 200 of its Class A subordinate voting shares during the twelve months preceding the date of the notice at an average price of $11.55. All of such shares were purchased for cancellation.

BBL believes that its Class A subordinate voting shares have been trading in a price range which does not adequately reflect the value of such shares in relation to the business of BBL and its future business prospects. As a result, depending upon future price movements and other factors, BBL believes that its outstanding Class A subordinate voting shares may represent an attractive investment to BBL. Furthermore, the purchases are expected to benefit all persons who continue to hold Class A subordinate voting shares by increasing their equity interest in BBL.

Certain statements in this release constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Brampton Brick is Canada's second largest manufacturer of clay brick. Products are used for residential construction and for industrial commercial, and institutional building projects. Oaks Concrete Products Ltd., a 70% owned subsidiary, manufactures concrete paving stones, retaining walls and enviro products and sells related accessory products for residential use and for industrial, commercial and institutional building projects. Da Vinci Stone Craft Ltd., a 75% owned subsidiary of Oaks Concrete Products Ltd., manufactures fireplace surrounds and accessory products. Medical Waste Management Inc., a 65% owned subsidiary, operates a facility for the destruction of biomedical and pharmaceutical waste, including the only commercially operated medical waste incinerator in Ontario. Roxy Construction Co. Limited, an 80% owned subsidiary, transports raw materials and finished products for the Company as well as providing trucking services to third parties. The Company also holds a 38.2% interest in Richvale York Block Inc., the largest manufacturer of concrete block in Ontario.

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