Shawcor Ltd. announced that, for personal reasons, including in light of the COVID-19 pandemic and its effects, Donald Wishart and John Baldwin have advised the Company that they do not intend to stand for re-election as directors at the upcoming Annual Meeting of Shareholders, currently scheduled for May 13, 2020. As Mr. Wishart is currently the Chair of Shawcor, a new Chair will need to be appointed. At this time, it is anticipated that Derek Blackwood, a current director, will be appointed as the Chair following the Meeting.