Mr. Francis de La Fleche reports

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

Bombardier Inc. has made an amendment with respect to its cash tender offer previously announced on March 22, 2024, to purchase for cash up to $400-million (U.S.) aggregate purchase price (exclusive of accrued and unpaid interest, and as such aggregate purchase price may be increased or decreased by the company, the aggregate maximum purchase amount) of its outstanding 7.125 per cent senior notes due 2026. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the offer to purchase dated March 22, 2024, with respect to the tender offer.

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

The aggregate maximum purchase amount shall be raised from $400-million (U.S.) to $550-million (U.S.).

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 April 9, 2024, 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 RBC Capital Markets LLC and TD Securities (USA) 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 RBC Capital Markets LLC at 1-212-618-7843 (collect) or 1-877-381-2099 (toll-free), or TD Securities (USA) LLC at 1-212-827-2842 (collect) or 1-866-584-2096 (toll-free). Copies of the offer to purchase may be obtained at the Global Bondholder Services website, or by contacting Global Bondholder Services at 855-654 2014 or by e-mail at contact@gbsc-usa.com.

We seek Safe Harbor.