Mr. Martin Schwartz reports

DOREL INDUSTRIES ANNOUNCES RESULTS OF ANNUAL MEETING

All of the nominees listed in Dorel Industries Inc.'s management proxy circular dated April 11, 2023, were re-elected as directors at the company's annual meeting of shareholders held today in Montreal.

At the meeting, a ballot was conducted for the election of directors. According to proxies received and ballots cast, individuals were elected as directors of Dorel.

               VOTING RESULTS FOR ELECTION OF DIRECTORS
      
Name of nominee        Votes for   % for   Votes withheld   % withheld

Martin Schwartz       46,360,363   85.28        8,000,879        14.72   
Alan Schwartz         46,358,600   85.28        8,002,642        14.72   
Jeffrey Schwartz      45,725,115   84.11        8,636,127        15.89   
Jeff Segel            46,360,897   85.28        8,000,345        14.72   
Alain Benedetti       43,626,385   80.25       10,734,857        19.75   
Brad A. Johnson       43,796,052   80.56       10,565,190        19.44   
Sharon Ranson         46,884,115   86.25        7,477,127        13.75   
Norman M. Steinberg   43,606,600   80.22       10,754,642        19.78   
Maurice Tousson       45,793,265   84.24        8,567,977        15.76   

Director biographies are available in the board of directors section of Dorel's website.

At the meeting, shareholders also reappointed KPMG LLP, chartered professional accountants, as Dorel's auditor.

About Dorel Industries Inc.

Dorel (Toronto Stock Exchange: DII.B and DII.A) is a global organization, operating two distinct businesses in juvenile products and home products. Dorel's strength lies in the diversity, innovation and quality of its products, as well as the superiority of its brands. Dorel Juvenile's powerfully branded products include global brands Maxi-Cosi, Safety 1st and Tiny Love, complemented by regional brands such as BebeConfort, Cosco, Mother's Choice and Infanti. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture. Dorel has annual sales of $1.6-billion (U.S.) and employs approximately 4,000 people in facilities located in 22 countries worldwide.