Mr. Stephen Walsh reports

NFI SUBSIDIARY ALEXANDER DENNIS APPOINTS BIG RIG MANUFACTURING AS ENVIRO500 BUILD PARTNER FOR NORTH AMERICA

NFI Group Inc. subsidiary Alexander Dennis Ltd. has appointed Big Rig Manufacturing as contract manufacturing partner to meet resurging interest in the Enviro500 double-decker in North America.

Big Rig Manufacturing is a subsidiary of Big Rig Collision Group, a leading provider of truck, bus and motorcoach accident repairs in Canada and the United States. Starting next year, it will assemble clean-diesel Enviro500 double-deck buses and the zero-emission Enviro500EV Charge to Alexander Dennis designs, specifications and processes at a new facility in Las Vegas, Nev.

The new arrangement replicates the highly successful, low-capital-intensity partnerships Alexander Dennis has in the Asia-Pacific region with contract manufacturers in China and New Zealand. With NFI's North American bus and coach production facilities responding to the group's record backlog and order book, co-operation with Big Rig Manufacturing allows Alexander Dennis to meet North American demand for its double-deck range with Buy America compliant arrangements.

Alexander Dennis engineering and production staff will be located permanently on site at the brand new facility in Las Vegas, supporting chassis production, major subassembly and full production of the bus body.

Stephen Walsh, vice-president and general manager of Alexander Dennis in North America, said: "We're excited about this new opportunity with Big Rig Manufacturing, which provides an elegant and efficient solution to restarting double-deck production in North America. I'm pleased that we have been able to team up with a familiar partner for many of our current double-deck customers who have previously selected Big Rig Collision Group to complete comprehensive midlife overhauls on their buses. Their intimate knowledge of our bus construction and design processes will help Big Rig Manufacturing to ensure a smooth production of the Enviro500.

"The Enviro500's combination of high seating capacity on a compact road footprint is proven by its ongoing popularity and an active fleet of more than 1,000 Alexander Dennis double-deckers across the continent. Many of our long-standing customers have older vehicles coming up for replacement and this production agreement allows us to support their fleet investment."

Kenton Schultz, president of Big Rig Manufacturing, said: "We are very proud to be working with such a historic and prominent leader in transit bus innovation as NFI Group and Alexander Dennis. Big Rig Manufacturing will provide a depth of experience and expertise to streamline this manufacturing process and lean on our long-established knowledge in the heavy-duty and large-vehicle repair markets. Our long-running partnerships with transit and public transportation service providers throughout Canada and the U.S. in refurbishments, overhauls and collision repair via Big Rig Collision Group further strengthen this partnership and will fuel long-term growth.

"This next step in evolution is particularly exciting as it will allow Big Rig Manufacturing to bring cutting-edge safety features and newly pioneered zero-emission technologies to life, supporting Alexander Dennis in fulfilling their surging customer demand."

Alexander Dennis closed its previous Enviro500 production facilities in Toronto, Ont., and Nappanee, Ind., when the COVID-19 pandemic delayed orders. The longer-term order book has remained solid with orders from new and existing customers in the pipeline.

NFI is a leader in low-emission and zero-emission mobility, with vehicles operating in 13 countries, moving millions of people every day. NFI offers the widest range of vehicles, including clean-diesel, compressed natural gas, diesel-electric hybrids, and zero-emission battery-electric and fuel-cell-electric buses and coaches.

About NFI Group Inc.

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today's urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean and sustainable transportation.

With 7,700 team members in 10 countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer (heavy-duty transit buses), MCI (motorcoaches), Alexander Dennis (single-deck and double-deck buses), Plaxton (motorcoaches), ARBOC (low-floor cutaway and medium-duty buses) and NFI Parts. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery and fuel cell), natural gas, electric hybrid and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI's common shares trade on the Toronto Stock Exchange under the symbol NFI and its convertible unsecured debentures trade on the TSX under the symbol NFI.DB.

About Alexander Dennis Ltd.

Alexander Dennis is a global leader in the design and manufacture of double-deck buses and is also the United Kingdom's largest bus and coach manufacturer. Alexander Dennis offers single-deck and double-deck vehicles under the brands of Alexander Dennis and Plaxton and has over 31,000 vehicles in service in the United Kingdom, Ireland, Europe, Hong Kong, Singapore, New Zealand, Mexico, Canada and the United States.

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