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SATA Canada Inc. Announces an Important Change in Management

SATA Canada Inc. is pleased to announce the appointment of a new General
Manager, Mr. George Varagic, effective Wednesday November 1, 2023.

Mr. Joern Stoever, who has been serving as General Manager, in addition to
Export Sales Manager, since September 2022, will be around for the next few
months in order to guarantee a seamless transition.

Mr. Varagic has extensive senior management expertise and Canadian
industry experience. Mr. Varagic has an MBA from the University of Phoenix
and as President and Managing Director of Mirka Canada has built a solid
working relationship with many of our partners in the marketplace.

With his intimate knowledge of the conditions found in the Canadian market
and backed up by our service-oriented team of SATA Canada Inc. located in
Vaughan as well as by our competent sales force in the field, we look forward
to providing Canadian distributors and end-users with SATA high-quality