Perma-Pipe International Holdings Announces Expansion into Egypt and Egyptian Contract Awards

PPIH to establish a new production facility in Beni Suef, Egypt to
meet the demands for Perma-Pipe products.

NILES, Ill.–(BUSINESS WIRE)–Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced
that its subsidiary company Perma-Pipe Middle East FZC has established a
subsidiary company in the Arab Republic of Egypt, “Perma-Pipe Egypt” and
is in the process of establishing a new production facility in Beni
Suef, south of Cairo. The establishment of this new capability is in
response to a growing demand for Perma-Pipe’s products in Egypt,
particularly strong demands for the Company’s chilled water and
containment piping and leak detection systems. The facility is planned
to be operational by July, 2019.

Perma-Pipe further confirms multiple awards by Egyptian companies
related to projects in Egypt’s New Capital City and elsewhere which will
be carried out in Perma-Pipe’s existing facilities in the UAE and Saudi
Arabia and in the new facility in Beni Suef after it is operational.

Grant Dewbre, Sr. Vice President for Perma-Pipe’s MENA region states:
“We are very excited about this long-planned geographical expansion into
Egypt. Our relationships with Egyptian construction companies,
consulting engineering companies, and other stakeholders have allowed us
to bring our products and services to our customers in Egypt. We are
very proud to be investing in Egypt and playing our part to develop
Egypt’s infrastructure that is being invested in heavily. It is our hope
that we can better meet the demands of our Egyptian customers by
investing in the country, and we look forward to the beginning of a long
presence there. Congratulations to Adham Sharkawy, Perma-Pipe Egypt’s
General Manager and his team for their leadership and diligent efforts
in bringing this aspiration to reality.”

President and CEO David Mansfield commented: “Perma-Pipe is always
looking for opportunities to expand to meet the needs of our customers.
This expansion has long been a priority for us since it will enable us
to offer our full range of capabilities to the Egyptian market. We look
forward to serving our Egyptian customers with greater speed and
flexibility through our local presence. We are committed to the success
of the new facility in Egypt and to being part of the growth already
being experienced there.”

Perma-Pipe International Holdings, Inc.

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a global
leader in pre-insulated piping and leak detection systems for oil and
gas gathering, district heating and cooling, and other applications. It
uses its extensive engineering and fabrication expertise to develop
piping solutions that solve complex challenges regarding the safe and
efficient transportation of many types of liquids. In total, Perma-Pipe
has operations at seven locations in five countries.

Contacts

Perma-Pipe International Holdings, Inc.
David Mansfield,
President and CEO
Perma-Pipe Investor Relations
847.929.1200
investor@permapipe.com