Market Overview

Masonite Announces Pricing of Previously Announced Senior Notes Offering

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Masonite International Corporation (NYSE:DOOR) (the "Company")
announced today that it priced an offering of $300 million aggregate
principal amount of its 5.750% senior unsecured notes due 2026 (the
"notes") in a private offering that is exempt from the registration
requirements of the Securities Act of 1933, as amended (the "Securities
Act"). Subject to customary closing conditions, this offering is
expected to close on August 27, 2018.

The Company intends to use the net proceeds from the sale of the notes
to redeem $125 million aggregate principal amount of its existing 5.625%
Senior Notes due 2023 (the "Existing Senior Notes"), to pay related
premiums, fees and expenses, and the remaining balance for general
corporate purposes, which may include funding future acquisitions, the
repurchase of the Company's common shares pursuant to its share
repurchase programs and working capital needs. Pending the permanent
application thereof, the Company may use all or a portion of the net
proceeds to reduce amounts outstanding under its senior secured
asset-based credit facility. The obligation of the Company to redeem the
Existing Senior Notes will be conditioned upon the consummation of this
offering of notes.

The notes are being offered only to persons reasonably believed to be
qualified institutional buyers in reliance on Rule 144A under the
Securities Act, and outside the United States, only to non-U.S.
investors pursuant to Regulation S of the Securities Act. The notes will
not be registered under the Securities Act or any state securities laws
and may not be offered or sold in the United States absent an effective
registration statement or an applicable exemption from, or a transaction
not subject to, the registration requirements of the Securities Act and
applicable state securities laws. This news release does not constitute
an offer to sell or a solicitation of an offer to buy any of the notes,
nor does it constitute an offer, solicitation or sale in any
jurisdiction in which such offer, solicitation or sale is unlawful.

Forward-Looking Statements

This press release contains forward-looking information and other
forward-looking statements within the meaning of applicable Canadian
and/or U.S. securities laws, including information related to this
offering of the notes. When used in this press release, such
forward-looking statements may be identified by the use of such words as
"may," might, "could," "will," would," "should," "expect," "believes,"
"outlook," "predict," "forecast," "objective," "remain," "anticipate,"
"estimate," "potential," "continue," "plan," "project," "targeting," or
the negative of these terms or other similar terminology.
Forward-looking statements involve significant known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of Masonite, or industry results, to be
materially different from any future plans, goals, targets, objectives,
results, performance or achievements expressed or implied by such
forward-looking statements. As a result, such forward-looking statements
should not be read as guarantees of future performance or results,
should not be unduly relied upon, and will not necessarily be accurate
indications of whether or not such results will be achieved.

About Masonite

Masonite International Corporation is a leading global designer and
manufacturer of interior and exterior doors for the residential new
construction; the residential repair, renovation and remodeling; and the
non-residential building construction markets. Since 1925, Masonite has
provided its customers with innovative products and superior service at
compelling values. Masonite serves more than 7,000 customers in 65
countries.

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