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Superior Plus Announces January 2019 Cash Dividend and Upcoming Events

TORONTO–(BUSINESS WIRE)–Superior Plus Corp.:

January 2019 Cash Dividend – $0.06 per share
Superior
Plus Corp. (“Superior”) (TSX:SPB) today announced its cash dividend for
the month of January 2019 of $0.06 per share payable on February 15,
2019. The record date is January 31, 2019 and the ex-dividend date will
be January 30, 2019. Superior’s annualized cash dividend rate is
currently $0.72 per share. This dividend is an eligible dividend for
Canadian income tax purposes.

A summary of Superior’s dividends paid for the year 2018 is detailed
below. These dividends are considered to be an eligible dividend for
Canadian income tax purposes.

Record Date Payment Date Dividend
November 30, 2018 December 14, 2018 $0.06
October 31, 2018 November 15, 2018 $0.06
September 30, 2018 October 15, 2018 $0.06
August 31, 2018 September 14, 2018 $0.06
July 31, 2018 August 15, 2018 $0.06
June 30, 2018 July 13, 2018 $0.06
May 31, 2018 June 15, 2018 $0.06
April 30, 2018 May 15, 2018 $0.06
March 31, 2018 April 13, 2018 $0.06
February 28, 2018 March 15, 2018 $0.06
January 31, 2018 February 15, 2018 $0.06
December 31, 2017 January 15, 2018 $0.06
2018 Total $0.72

Upcoming Investor Conferences
Superior
will be presenting at the AltaCorp Capital Institutional Investor
Conference in Toronto, Ontario on Wednesday, January 9, 2019 and at the
CIBC Whistler Institutional Investor Conference in Whistler, British
Columbia on Thursday, January 24, 2019. A copy of presentation materials
to be used by Superior will be posted to Superior's website on the date
of the related presentation under the Presentations section of
Superior's website.

2018 Fourth Quarter and Year-End Results and
Conference Call
Superior expects to release its 2018 fourth
quarter and year-end results on Thursday, February 14, 2019 after market
close. A conference call and webcast for investors, analysts, brokers
and media representatives to discuss the 2018 Fourth Quarter and
Year-End Results is scheduled for 10:30 a.m. EST on Friday, February 15,
2019. To participate in the call, dial: 1-844-389-8661. Internet users
can listen to the call live, or as an archived call, on Superior's
website at: www.superiorplus.com
under the Events section.

About the Corporation
Superior
consists of two primary operating businesses: Energy Distribution
includes the distribution of propane and distillates, and supply
portfolio management; and Specialty Chemicals includes the manufacture
and sale of specialty chemicals.

For further information about Superior, please visit our website at: www.superiorplus.com

Forward Looking Information
This news release contains
certain forward-looking information and statements that are based on
Superior’s current expectations, estimates, projections and assumptions
in light of its experience and its perception of historical trends. In
this news release, such forward-looking information and statements can
be identified by terminology such as "to be", "expects", "annualized",
and similar expressions.

In particular, this news release contains forward-looking statements
and information relating to: future dividends which may be declared on
Superior’s common shares, the dividend payment, the tax treatment
thereof, and the receipt of cash dividends. These forward-looking
statements are being made by Superior based on certain assumptions that
Superior has made in respect thereof as at the date of this news
release, regarding, among other things: the success of Superior’s
operations; prevailing commodity prices, margins, volumes and exchange
rates; that Superior’s future results of operations will be consistent
with past performance and management expectations in relation thereto;
the continued availability of capital at attractive prices to fund
future capital requirements; future operating costs; that any required
commercial agreements can be reached; that all required regulatory and
environmental approvals can be obtained on the necessary terms in a
timely manner. These forward-looking statements are not guarantees of
future performance and are subject to a number of known and unknown
risks and uncertainties, including, but not limited to: the regulatory
environment and decisions; non-performance of agreements in accordance
with their terms; the impact of competitive entities and pricing;
reliance on key industry partners and agreements; actions by
governmental or regulatory authorities including changes in tax laws and
treatment, or increased environmental regulation; adverse general
economic and market conditions in Canada, North America and elsewhere;
fluctuations in operating results; labour and material shortages; and
certain other risks detailed from time to time in Superior’s public
disclosure documents including, among other things, those detailed under
the heading "Risk Factors" in Superior’s management's discussion and
analysis and annual information form for the year ended December 31,
2017, which can be found at www.sedar.com.

Accordingly, readers are cautioned that events or circumstances could
cause results to differ materially from those predicted, forecasted or
projected. Such forward-looking statements are expressly qualified by
the above statements. Superior does not undertake any obligation to
publicly update or revise any forward looking statements or information
contained herein, except as required by applicable laws.

Contacts

Beth Summers, Executive Vice President and Chief Financial Officer
Tel:
(416) 340-6015

Rob Dorran, Vice President, Investor Relations and Treasurer
Tel:
(416) 340-6003
E-mail: [email protected]
Toll
Free: 1-866-490-PLUS (7587)