An anonymous director reports

BRP AND ITS PRINCIPAL SHAREHOLDER ANNOUNCE CLOSING OF PREVIOUSLY ANNOUNCED SECONDARY OFFERING

BRP Inc. has closed the previously announced bought deal secondary offering pursuant to which Bain Capital Integral Investors II LP (the selling shareholder) sold two million subordinate voting shares of BRP at a price to the public of $91 per subordinate voting shares.

The subordinate voting shares were offered by way of a prospectus supplement dated Jan. 23, 2024, to the company's short form base shelf prospectus dated Feb. 23, 2023, filed with the securities regulatory authorities in each of the provinces and territories of Canada as well as with the U.S. Securities and Exchange Commission (SEC) as part of a registration statement on Form F-10 under the U.S./Canada multijurisdictional disclosure system.

All net proceeds have been paid directly to the selling shareholder. The company did not receive any proceeds from the offering.

The subordinate voting shares were offered by RBC Capital Markets, which was not granted an overallotment option in connection with 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.

Upon closing of the offering, Bain held 13,796,615 multiple voting shares of BRP, representing approximately 18.3 per cent of the issued and outstanding shares of the company and approximately 29.9 per cent of the voting power attached to all of the shares.

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, Rotax marine propulsion systems, as well as Rotax engines for karts 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.