Mr. John Paikopoulos reports

DOREL PROVIDES LONG-TERM DEBT UPDATE

The previously announced forbearance period under Dorel Industries Inc.'s asset-backed loan (ABL) facility and term loan facility has been extended by Dorel's lenders to the earlier of Sept. 30, 2025 (from Sept. 16, 2025), and the occurrence of any event of default, other than the previous event of default, under the ABL facility.

Also as previously announced, the company has engaged two leading capital market advisers to assist in recapitalizing the company's balance sheet to allow for growth in the juvenile segment and support the reorganization of the home segment. The new structure is intended to replace the current debt structure which no longer matches the company's needs. The process is well advanced; the company's objective is to have the new structure in place before the end of the extended forbearance period.

About Dorel Industries Inc.

Dorel Industries 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 $1.3-billion (U.S.) and employs approximately 3,500 people in facilities located in 22 countries worldwide.

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