HPS Increases Quarterly Dividend

Posted: Mar 27,2024

Investor Relations  

GUELPH, Ontario, March 27, 2024 -- (TSX: HPS.A) The Board of Directors of Hammond Power Solutions Inc. (“HPS”) declared
a quarterly cash dividend of twenty-seven and a half cents ($0.275) per Class A Subordinate Voting Share of HPS and a
quarterly cash dividend of twenty-seven and a half cents ($0.275) per Class B Common Share of HPS payable on June 25,
2024, to shareholders of record at the close of business on June 18, 2024. The ex-dividend date is June 18, 2024.

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