Aecon Clac Agreement

Hancor Painting and Decorating Ltd. – 2-year contract for various trades Strathcona Mechanical Limited – 2-year new agreement for plumbers in southern Alberta Both Aecon and the union entered into, that the terms of the agreement be incorporated into the collective agreements in force between each employer and Local 793, and that the content of the agreement would not be used to create or expand Local 793`s bargaining rights with any Aecon subsidiary or subsidiary or between employers. Adam Borgatti SVP, Corporate Development and Investor Relations (416) 297-2610 aborgatti@aecon.com Westward Industrial Inc. – 2.5 years First contract for electricians in Alberta Peter Kiewit Sons ULC – Added structural iron workers to the current agreement the agreement also stipulates that Aecon recognizes Local 793`s interests in job security and that the Aecon union will continue to provide qualified operator engineers. The company and the union agreed to “work together to ensure that the federal government`s timely foreign worker program and intra-company transfer program after acquisition are not used in a manner inconsistent with the union security provisions of the collective agreements to which each employer is bound, or that the level of job security of the 793 local members is otherwise reduced.” Gallagher met with Aecon President and CEO John Beck on November 13 and signed an agreement that confirmed that collective agreements will be respected and that the sale will not alter the relationship between the union and the company. The agreement with Local 793 contains nine specific commitments from Aecon and the union. Toronto, Ontario – December 17, 2019: Aecon Group Inc. (TSX: ARE) announced today that it has received three major contracts worth a total of $690 million. Aecon`s share of the three projects is estimated at $420 million and will be in addition to its construction segment backlog in the fourth quarter of 2019.

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