Tervita Corporation that it has commenced a consent solicitation (the "Solicitation") with respect to proposed amendments (the "Proposed Amendments") to the indenture (the "Indenture") governing its 11.000% Senior Second Lien Secured Notes due 2025 (the "Notes") and to the Amended and Restated Collateral Trust Agreement dated as of November 19, 2020 (the "Collateral Trust Agreement"), upon the terms and subject to the conditions set forth in the Consent Solicitation Statement dated April 12, 2021 (the "Statement") and related consent letter ("Consent Letter"). Tervita is soliciting consents from holders of record of the Notes as at 5:00 p.m., New York City time, on April 9, 2021. Subject to the terms and conditions set forth in the Statement and the related Consent Letter, Tervita will pay eligible holders who validly deliver their consents on or prior to 5:00 p.m., New York City time, on April 16, 2021 (as such date and time may be extended or earlier terminated by Tervita in its sole discretion in accordance with the Statement, the "Expiration Time"), and do not validly revoke such consents on or prior to the earlier of the Effective Time and the Expiration Time, a cash payment equal to USD 2.50 per USD 1,000 in aggregate principal amount of the Notes consented (the "Consent Payment"). The Consent Payment will only be payable upon and subject to the occurrence of, among other things, the receipt of the Requisite Consents and the satisfaction of the Arrangement Condition. The Solicitation is subject to certain conditions, including, among other things, the receipt of valid and unrevoked consents in respect of more than a 50% in aggregate principal amount outstanding of the Notes (other than Notes held by Tervita or any of its affiliates) (the "Requisite Consents") at or prior to the Expiration Time and the consummation of the Arrangement (the "Arrangement Condition"). The Proposed Amendments will be effected by a supplemental indenture (the "Supplemental Indenture") to the Indenture and an amendment to the Collateral Trust Agreement, which will be executed after the receipt of the Requisite Consents, as described in more detail in the Statement. However, the Proposed Amendments will not become operative unless the Arrangement is consummated and the Consent Payment is made. Tervita expects to make the Consent Payment upon or promptly after the Arrangement Condition is satisfied. Delivered consents may be validly revoked prior to the earlier of the Expiration Time and the time and date on which the Supplemental Indenture is executed and delivered (the "Effective Time"). Holders should note that the Effective Time may fall prior to the Expiration Time and holders will not be given prior notice of such Effective Time. Holders will not be able to revoke their consents after the earlier of the Effective Time and the Expiration Time.