Mr. Francis Richer de La Fleche reports

BOMBARDIER INCREASES THE MAXIMUM AMOUNT SOUGHT UNDER ITS CASH TENDER OFFER PREVIOUSLY ANNOUNCED TODAY

Bombardier Inc. has made amendments with respect to its cash tender offer previously announced on Nov. 6, 2023, to purchase for cash up to $110-million aggregate purchase price (exclusive of accrued and unpaid interest): of (i) its outstanding 7.125 per cent senior notes due 2026; and (ii) its outstanding 7.875 per cent senior notes due 2027.

The tender offer and the offer to purchase are hereby amended as follows:

• The aggregate maximum purchase amount shall be raised from $110-million to $360-million.
• The 2026 tender cap shall be raised from $75-million to $200-million.
• The 2027 tender cap shall be raised from $35-million to $160-million.

Except as expressly set forth herein, the terms and conditions with respect to the tender offer are as set forth in the offer to purchase, subject to the corporation's right to further waive, amend or terminate any provisions of the tender offer in the corporation's sole and absolute discretion.

The obligation of the company to accept for purchase, and to pay for, notes validly tendered pursuant to the tender offer is subject to, and conditioned upon, the satisfaction or waiver of certain conditions as set forth in the offer to purchase, in the sole and absolute discretion of the company, including the company's completion of the new offering prior to Nov. 24, 2023, on terms satisfactory to the company.

None of Bombardier, the trustees for the notes, the agents under the respective indentures for the notes, the dealer managers, the information and tender agent, any of their respective subsidiaries or affiliates, or any of its or their respective directors, officers, employees or representatives makes any recommendation to holders as to whether or not to tender all or any portion of their notes, and none of the foregoing has authorized any person to make any such recommendation. Holders must decide whether to tender notes and, if tendering, the amount of notes to tender.

All of the notes are held in book-entry form. If you hold notes through a broker, dealer, commercial bank, trust company or other nominee, you must contact such broker, dealer, commercial bank, trust company or other nominee if you wish to tender notes pursuant to the tender offer. You should check with such broker, dealer, commercial bank, trust company or other nominee to determine whether they will charge you a fee for tendering notes on your behalf. You should also confirm with the broker, dealer, bank, trust company or other nominee any deadlines by which you must provide your tender instructions because the relevant deadline set by such nominee may be earlier than the deadlines set forth herein.

Bombardier has retained Deutsche Bank Securities Inc. and RBC Capital Markets LLC to serve as dealer managers for the tender offer. Bombardier has retained Global Bondholder Services Corp. to act as the information and tender agent in respect of the tender offer.

For additional information regarding the terms of the tender offer, please contact Deutsche Bank Securities at 1-212-250-7527 (collect) or 1-855-287-1922 (toll-free), or RBC Capital Markets LLC at 1-212-618-7843 (collect) or 1-877-381-2099 (toll-free). Copies of the offer to purchase may be obtained by contacting Global Bondholder Services Corp. at 855-654-2014 or by e-mail at contact@gbsc-usa.com.

We seek Safe Harbor.