Abrams Capital Acquires Additional Shares of SECURE Waste Infrastructure Corp.

BOSTON--(BUSINESS WIRE)--Abrams Capital Management, L.P. (“Abrams Capital”), a significant holder of common shares (“Common Shares”) of SECURE Waste Infrastructure Corp. (TSX: SES) (“SECURE”), announces that on April 17, 2026, funds managed by it acquired an aggregate of 160,000 Common Shares on the open market through the facilities of the Toronto Stock Exchange (the “Market Purchases”).

Prior to the Market Purchases, Abrams Capital had ownership and control over Common Shares, representing approximately 9.930% of the issued and outstanding Common Shares (“Outstanding Shares”). After giving effect to the Market Purchases, Abrams Capital has ownership and control over an aggregate of 21,811,240 Common Shares, representing approximately 10% of the 218,020,431 the Outstanding Shares as at March 16, 2026, as reported by SECURE in its management information circular dated as of March 16, 2026. The Market Purchases were made by Abrams Capital at an average price of $22.4142 per Common Share for aggregate consideration of approximately $3,586,272.

The Common Shares held by Abrams Capital are being held for investment purposes and Abrams Capital may, depending on market and other conditions, (i) increase or decrease its beneficial ownership or control of the Common Shares, (ii) engage in discussions with other shareholders or representatives of SECURE concerning, among other things, the proposed transaction with GFL Environmental Inc. (“GFL”), pursuant to which GFL (or one of its affiliates) would acquire all of the outstanding shares of SECURE by way of a shareholder approved and court approved plan of arrangement (the “Arrangement”) and the business or strategy of SECURE, including potential changes to the foregoing, and/or (iii) take any other such actions with respect to SECURE as Abrams Capital may from time to time deem appropriate.

Abrams Capital believes SECURE is a uniquely well-positioned business with significant long-term potential under its current management team. The firm does not believe that the Arrangement is in the best interests of SECURE and its shareholders and intends to vote against it.

An early warning report in connection with this press release is being filed by Abrams Capital in accordance with applicable Canadian securities laws and will be available on the SEDAR website at www.sedar.com and can also be obtained by contacting Suzanne Hallberg at 212-843-8292.