Ms. Ilona Rojkova reports

FINNING ANNOUNCES PRICING OF $425 MILLION OF 4.778% SENIOR UNSECURED NOTES

Finning International Inc. has priced an offering of $425-million principal amount of 4.778 per cent senior unsecured notes due Feb. 13, 2029, which will rank pari passu with existing senior unsecured obligations of Finning. Interest on the notes is payable semi-annually, commencing on Aug. 13, 2024.

Closing of the offering of the notes is expected to occur on or about Feb. 13, 2024. This offering is being made pursuant to exemptions from the prospectus requirements of applicable securities laws of the provinces of Canada. Purchasers of notes will be obliged to establish their qualification to invest in accordance with the requirements of the securities laws of the jurisdiction in which they reside. As this offering is being made pursuant to exemptions from prospectus requirements of applicable securities laws, there will be restrictions on the resale of the notes.

Proceeds from the issuance of the notes will be used for repayment of existing indebtedness and for general corporate purposes.

RBC Capital Markets, Scotiabank and TD Securities (as joint book-runners), CIBC World Markets Inc., National Bank Financial Inc., Citigroup Global Markets Canada Inc., Merrill Lynch Canada Inc., Wells Fargo Securities Canada, Ltd., MUFG Securities (Canada), Ltd., and HSBC Securities (Canada) Inc., are acting as agents with respect to the offering of the notes.

About Finning International Inc.

Finning is the world's largest Caterpillar dealer delivering unrivalled service to customers for over 90 years. Headquartered in Surrey, B.C., it provides Caterpillar equipment, parts, services and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom and Ireland.

We seek Safe Harbor.