Mr. Paul Soubry reports

WASHINGTON, DC EXERCISES OPTIONS FOR AN ADDITIONAL 100 NEW FLYER BUSES

New Flyer of America Inc., a subsidiary of New Flyer Industries Inc., has provided the following update.

(All dollar amounts are stated in U.S. currency.)

The Washington Metropolitan Area Transit Authority (WMATA) has exercised options for 100 heavy-duty 40-foot New Flyer Xcelsior compressed natural gas (CNG) buses.

The 100 options, valued at approximately $56-million, were exercised off a contract signed in June, 2013. To date, 500 buses have been exercised off this contract, of which 329 have already been delivered to WMATA and 75 XDE40 or 60-foot buses remain to be exercised.

The buses will be deployed to support the Priority Corridor Network (PCN), focused on improving service of 24 of the busiest routes that today serve half of WMATA's 440,000 daily riders. New Flyer's best-in-class Xcelsior buses will add over 100,000 new daily rides to the PCN and are expected to save passengers up to 50 per cent on their typical travel time.

WMATA currently provides over 2.3 million trips to over four million residents every year, with a predicted increase in fleet size from 1,505 buses in 2013 to 2,060 by 2025. WMATA's growing ridership increases by approximately 40,000 trips per year and has a service area spanning 1,500 square miles.

"With over 1,200 buses delivered to WMATA since 2002, New Flyer is thrilled to continue our relationship with WMATA and be a partner they can continue to rely on," said Paul Soubry, New Flyer's president and chief executive officer.

About the company

The company is the largest transit bus and motor coach manufacturer and parts distributor in North America, and employs approximately 5,000 team members.

New Flyer actively supports over 42,000 heavy-duty transit buses (New Flyer, NABI and Orion) currently in service.

Through its Canadian and U.S. subsidiaries, Motor Coach Industries Ltd. and Motor Coach Industries Inc., the company is North America's leader in motor coaches. MCI actively supports over 28,000 motor coaches currently in service and offers 24-hour roadside assistance 365 days a year.

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