Mr. Bart Demosky reports

BOMBARDIER COMPLETES REDEMPTION OF ALL OUTSTANDING 7.35% DEBENTURES DUE 2026

Bombardier Inc. has redeemed all outstanding $150-million aggregate principal amount of its 7.35 per cent debentures due 2026 as previously announced on April 30, 2026.

"Since 2020, we have maintained a disciplined and deliberate focus on debt reduction, lowering our long-term debt by approximately $6.1-billion. This has reduced our interest payments by more than $460-million on an annualized basis, and we remain firmly committed to allocating capital toward debt reduction to achieve an adjusted net debt to adjusted EBITDA ratio of approximately 1.5 times over time. With today's announcement of the redemption of $150-million debentures due in 2026, we have now reduced debt by over $1.1-billion this year. With no maturities until November, 2030, we are well positioned to fully focus on and accelerate our next phase of growth," said Bart Demosky, chief financial officer, Bombardier.

Payment of the redemption price and surrender of the 2026 debentures for redemption are being made through the facilities of CDS Clearing and Depository Services Inc. in accordance with its applicable procedures.

We seek Safe Harbor.