Mr. Preet Dhindsa reports

ENERFLEX LTD. ANNOUNCES NORMAL COURSE ISSUER BID

Enerflex Ltd. has received board approval to implement a normal course issuer bid.

The company intends to make an application to the Toronto Stock Exchange to implement a NCIB that would permit the company to purchase for cancellation, through the facilities of the TSX, alternative Canadian trading systems or the New York Stock Exchange, common shares representing up to 5 per cent of the public float over a period of 12 months. The NCIB is subject to acceptance by the TSX, and will be conducted in accordance with the rules and policies of the TSX and applicable securities laws.

Preet Dhindsa, Enerflex's interim chief executive officer, stated: "With the company operating within its target leverage range, Enerflex is positioned to increase direct shareholder returns. This is reflected through: (1) the previously announced 50-per-cent increase of the company's quarterly dividend; and (2) today's announcement of the company's intention to implement a NCIB."

Enerflex believes that: (1) the repurchase of common shares would be an effective use of its cash resources and in the best interests of Enerflex and its shareholders; and (2) the current market price of its common shares does not fully reflect their underlying value.

Further details regarding the NCIB will be provided following TSX approval.

About Enerflex Ltd.

Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low carbon and treated water solutions -- from individual, modularized products and services to integrated custom solutions. With over 4,600 engineers, manufacturers, technicians and innovators, Enerflex is bound together by a shared vision: transforming energy for a sustainable future. The company remains committed to the future of natural gas and the critical role it plays, while focused on sustainability offerings to support the energy transition and growing decarbonization efforts.

Enerflex's common shares trade on the Toronto Stock Exchange under the symbol EFX and on the New York Stock Exchange under the symbol EFXT.

We seek Safe Harbor.