Ms. Emilie Proulx reports

BRP AND ITS PRINCIPAL SHAREHOLDER ANNOUNCE BOUGHT DEAL SECONDARY OFFERING

Bain Capital Integral Investors II LP (Bain or the selling shareholder) and BRP Inc. have entered into an agreement with RBC Capital Markets to complete a secondary offering on a bought deal basis. Under the agreement, RBC Capital Markets has agreed to purchase two million subordinate voting shares of the company at a price to the public of $91.00 per subordinate voting share.

In connection with the offering, the company will file a preliminary prospectus supplement to its short form base shelf prospectus dated Feb. 23, 2023. The preliminary prospectus supplement will be filed with the securities regulatory authorities in each of the provinces and territories of Canada as well as with the United States Securities and Exchange Commission (SEC) as part of a registration statement on Form F-10 under the U.S./Canada Multijurisdictional Disclosure System.

Bain currently holds 15,796,615 multiple voting shares of the company (the multiple voting shares) representing approximately 20.8 per cent of the issued and outstanding shares of the company and approximately 33.0 per cent of the voting power attached to all of the shares. Following the closing of the offering, Bain will hold 13,796,615 multiple voting shares, representing approximately 18.3 per cent of the issued and outstanding shares and approximately 29.9 per cent of the voting power attached to all of the shares.

The net proceeds of the offering will be paid directly to the selling shareholder. The company will not receive any proceeds from the offering.

BRP's subordinate voting shares are listed on the Toronto Stock Exchange (TSX) and Nasdaq Global Select Market (Nasdaq) under the symbol DOO and DOOO, respectively.

The offering is expected to close on or about Jan. 26, 2024, subject to customary closing conditions.

The offering is being made only by means of the prospectus supplement and the registration statement which contain important information about the offering. When available, a copy of the preliminary prospectus supplement, and the prospectus supplement, can be found on SEDAR+ and on EDGAR, and a copy of the registration statement can be found on EDGAR. When available, copies of the prospectus supplement relating to the offering may be obtained upon request in Canada by contacting RBC Dominion Securities Inc. by telephone at 1-416-842-5349 or by e-mail at Distribution.RBCDS@rbccm.com and in the United States by contacting RBC Capital Markets LLC, attention: equity capital markets, 200 Vesey St., New York, N.Y., 10281, by telephone at 877-822-4089 or by e-mail at equityprospectus@rbccm.com. Prospective investors should read the preliminary prospectus supplement and registration statement before making an investment decision.

In connection with the consummation of the offering, Bain expects to complete a distribution in kind of up to 1.4 million multiple voting shares to certain of its affiliates and limited partners, which multiple voting shares will be subject to a contractual lockup or statutory restrictions on transfer.

About BRP Inc.

BRP is a global leader in the world of powersports products, propulsion systems and boats built on over 80 years of ingenuity and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons, and Rotax marine propulsion systems, as well as Rotax engines for carts and recreational aircraft, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds. The company completes its lines of products with a dedicated parts, accessories and apparel portfolio to fully optimize the riding experience. Committed to growing responsibly, BRP is developing electric models for its existing product lines and exploring new low-voltage and human assisted product categories. Headquartered in Quebec, Canada, BRP has annual sales of $10-billion from over 130 countries and a global work force of close to 23,000 driven, resourceful people.

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