Perma-Pipe International Holdings Announces that Director Bradley E. Mautner Will Not Stand For Re-Election to Board

Industry executive Bradley E. Mautner has informed the Board of
his intention to retire as a Director of the Board

NILES, Ill.–(BUSINESS WIRE)–Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today
announced the decision by Bradley E. Mautner not to stand for
re-election as a director of the Perma-Pipe Board at Perma-PipeÔÇÖs
upcoming June 5, 2018 annual shareholders meeting.

Mr. Mautner commented, "My decision to not stand for re-election came
with mixed emotions as I move into the next chapters of my life. I have
been active in our businesses for 40 years and I believe now is the
right moment to step aside and spend time on other pursuits of great
interest to me both personally and professionally. The leadership team
is strong and will continue to shape the companyÔÇÖs transformational
growth going forward. I will watch with much excitement as Perma-Pipe
continues its journey as a global industry leader. I want to thank the
Board of Directors, both past and present, for its confidence, support
and inspiration over the years. Also, I want to express my heartfelt
thanks to all of the employees that I have had the pleasure of
connecting with in my many roles over the past four decades. Without
your dedicated involvement none of our many successes would have been
possible."

Chairman of the Board, David S. Barrie, commented, "Since 1978, Brad has
played a critical role in the success of our Company, both as an
executive and Board member. He was instrumental in shaping the global
footprint of the company, as well as participating in taking the company
from a collection of private companies to a publicly listed entity. On
behalf of the Board of Directors, we thank him for his commitment to the
best interest of the shareholders and employees and wish him the best in
all his future pursuits."

President and CEO, David J. Mansfield, added, "I would like to express
my appreciation, and the appreciation of the employees of Perma-Pipe, to
Brad for his unwavering commitment and dedication to the company, its
employees and shareholders. He is leaving the company with a rich
pipeline of talented people, strong values and international brand
awareness which bodes well for the future of our enterprise."

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
(847) 966-1000
or
Perma-Pipe
Investor Relations
(847) 929-1200
[email protected]