Mr. Marc Rossiter reports

ENERFLEX LTD. APPOINTS PREET DHINDSA AS INTERIM CHIEF FINANCIAL OFFICER

Enerflex Ltd. has appointed Preet Dhindsa as interim chief financial officer (CFO), effective Oct. 13, 2023. Enerflex has retained an executive search firm and will consider Mr. Dhindsa and other candidates as part of its process to identify the company's next permanent CFO.

Mr. Dhindsa is a seasoned financial leader with more than 25 years of experience, primarily in the energy and financial services sectors. He most recently served as executive vice-president and CFO at ENMAX Corp., a regulated utility with energy generation and retail lines of business, where he was responsible for the finance and information technology organization across operations in both Canada and the United States. He previously served as CFO and chief administrative officer at AMP Energy, a solar energy developer with a global footprint. Prior to that, Mr. Dhindsa was CFO, global banking and markets, at Scotiabank, where he managed a global finance team and critical regulatory relationships in Canada, the United States, Europe and Asia-Pacific. Mr. Dhindsa began his career as an accountant at KPMG and Ernst & Young. He holds a bachelor of science degree in mathematics and statistics from Western University and a graduate diploma in accounting from Wilfrid Laurier University. Mr. Dhindsa is a chartered accountant and chartered director.

"Preet has the right qualifications and experience to step into the role of interim CFO, and we are excited to welcome him to Enerflex and benefit from his expertise at this important time for our company," said Marc Rossiter, Enerflex's president and chief executive officer. "Preet brings a proven track record of leading large, international finance organizations, including through postmerger integration activities. He brings deep knowledge of the energy industry, capital markets and investor relations to Enerflex's already strong finance organization. I am confident that Preet's experience leading diverse, complex, multinational businesses, coupled with his financial acumen and accounting expertise, will serve Enerflex well and accelerate our efforts to unlock the value of the Exterran acquisition."

Mr. Rossiter added: "Our business remains strong, and we look forward to providing an update on our financial results with our third quarter 2023 earnings announcement. The board of directors and management team remain committed to executing on our strategy to deliver strong operational and financial performance and drive value creation for shareholders. To that end, we are actively working to improve Enerflex's overall capacity for free cash flow generation to reduce debt by capturing synergies from the Exterran acquisition and enhancing operational efficiencies. We are confident Preet's deep experience will help accelerate the achievement of our financial and strategic objectives, allowing us to deliver on Enerflex's full potential for the benefit of our shareholders, customers and other stakeholders."

The company will provide its full financial results and details regarding its progress on its strategic priorities in connection with its third quarter 2023 earnings announcement in early November.

About Enerflex Ltd.

Transforming energy for a sustainable future. Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, delivering natural gas processing, compression, power generation, refrigeration, cryogenic and produced water solutions.

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