Mr. Francis Richer de La Fleche reports

BOMBARDIER ANNOUNCES EXPIRATION OF ITS CASH TENDER OFFER FOR CERTAIN OUTSTANDING SENIOR NOTES

Bombardier Inc.'s cash tender offer, previously announced on March 22, 2024 (as previously amended), to purchase for cash up to $550-million (U.S.) aggregate purchase price (exclusive of accrued and unpaid interest, the aggregate maximum purchase amount) of its outstanding 7.125 per cent senior notes due 2026, expired at the expiration date, 5 p.m., New York time, on April 19, 2024. Terms used but not defined herein shall have the meanings assigned to such terms in the offer to purchase dated March 22, 2024 (as amended by the corporation's press release titled "Bombardier increases the maximum amount sought under its cash tender offer previously announced today" dated March 22, 2024) (the offer to purchase), with respect to the tender offer.

The aggregate principal amount of notes validly tendered and not validly withdrawn after the early tender date and at or prior to the expiration date amounts to $195,000 (U.S.) (the additional tendered notes), which, together with the $496,512,000 (U.S.) aggregate principal amount of notes that were previously tendered under the tender offer and purchased by Bombardier on April 9, 2024, represent, in the aggregate, approximately 49.62 per cent of the aggregate principal amount of the notes outstanding prior to the tender offer. Approximately $504,289,000 (U.S.) aggregate principal amount of notes will remain outstanding upon completion of the tender offer.

In accordance with the terms of the tender offer as set forth in the offer to purchase and as permitted by applicable law, all additional tendered notes will be accepted for purchase by the corporation, upon the terms and conditions contained in the offer to purchase, on the final settlement date.

All such additional tendered notes that are being accepted for purchase by the corporation will be settled on the final settlement date in accordance with the terms of the tender offer as set forth in the offer to purchase. Bombardier expects such final settlement date to be April 24, 2024.

RBC Capital Markets LLC and TD Securities (USA) LLC served as dealer managers for the tender offer. Global Bondholder Services Corp. acted as the information and tender agent in respect of the tender offer.

We seek Safe Harbor.