An anonymous director reports

BOMBARDIER ANNOUNCES SUCCESSFUL COMPLETION OF CONSENT SOLICITATION WITH RESPECT TO ITS 7.450% NOTES DUE 2034

In connection with Bombardier Inc.'s previously announced consent solicitation with respect to its 7.450 per cent notes due 2034, it has received the requisite written consents to amend the indenture governing the U.S. notes as reported by the U.S. information and tabulation agent on the trade.

As previously announced, Bombardier solicited consents from the holders of the U.S. notes to adopt a proposed amendment to the indenture, dated as of April 21, 2004, as supplemented by the first supplemental indenture, dated as of May 20, 2021, between Bombardier and the Bank of New York Mellon (as successor to JPMorgan Chase Bank, National Association), as trustee, governing these U.S. notes, the full text of which is set forth in Bombardier's consent solicitation statement, dated March 16, 2026, and to authorize Bombardier, at its option and the trustee to enter into a supplemental indenture pursuant to which the proposed amendment will come into force, all subject to the terms and conditions set forth in the consent solicitation statement.

The deadline for submitting consents in respect of the U.S. notes expired at 5 p.m. Eastern Time, on March 20, 2026. The U.S. consent solicitation required consents from holders representing a majority of the outstanding aggregate principal amount of such series of notes. As at the U.S. consent deadline, holders representing in excess of the majority of the outstanding aggregate principal amount of the U.S. notes delivered consents as reported by the U.S. information and tabulation agent on the trade. Bombardier and the trustee have executed the supplemental indenture pursuant to which the proposed amendment has come into force and is effective.

Bombardier intends to make the consent payment of $2.50 (U.S.) per $1,000 (U.S.) principal amount of U.S. notes on Wednesday, March 25, 2026, to holders of such U.S. notes who validly delivered (and did not validly revoke) their consent on or prior to the U.S. consent deadline. Noteholders who failed to validly deliver (or who validly revoked) their consent prior to the U.S. consent deadline will not be entitled to receive the consent payment.

This press release is for informational purposes only and does not amend the US Consent Solicitation, which has expired on the terms and subject to the conditions set forth in the Consent Solicitation Statement.

This press release does not amend the separate ongoing consent solicitation in respect of Bombardier's 7.35 per cent debentures due 2026 (the Canadian notes), which has a consent deadline of 5 p.m. Eastern Time on March 27, 2026, unless extended.

Bombardier has retained Global Bondholder Services Corp. to act as the U.S. information and tabulation agent for the U.S. consent solicitation, and has retained Kingsdale Advisors to act as the Canadian information and tabulation agent for the Canadian consent solicitation. For additional information regarding the terms of the consent solicitations, or to obtain additional copies of the consent solicitation statement, please contact, in respect of the U.S. notes, Global Bondholder Services at 866-807-2200 or by e-mail at contact@gbsc-usa.com, or, in respect of the Canadian notes, Kingsdale Advisors at 1-855-682-2031, by e-mail at corpaction@kingsdaleadvisors.com or by visiting www.BBDconsent2026.com for more information. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the consent solicitations.

RBC Capital Markets LLC and RBC Dominion Securities Inc., together with TD Securities (USA) LLC and TD Securities Inc., act as the solicitation agents for the consent solicitations. Questions concerning the terms of the consent solicitations should be directed to RBC Capital Markets at 212-618-7843, 416-842-6311 or 877-381-2099, or to TD Securities at 212-827-2842, 416-982-2243 or 866-584-2096.

We seek Safe Harbor.