Mr. Stephen King reports

NFI ANNOUNCES FIRST ORDER FOR ALEXANDER DENNIS DOUBLE-DECKS FROM SPOKANE TRANSIT, FOR 7 ENVIRO500 BUSES

NFI Group Inc.'s subsidiary, Alexander Dennis Ltd., will supply Enviro500 double-deck buses to Spokane Transit Authority (STA) following an order for seven vehicles.

The Alexander Dennis Enviro500 will be the first double-deck transit buses in Spokane, Wash., and its surrounding urban areas. They will serve Spokane Transit's Cheney service, made up of two primary routes numbered 6 and 66. These link Eastern Washington University, the West Plains Transit Center, which is a major hub for connections to job sites in that area, including a large Amazon fulfilment centre, downtown Spokane and the University District near downtown Spokane.

With a combined average weekday ridership of 1,900 daily boardings, the two routes will benefit strongly from the Enviro500's design, which allows 84 seats to be fitted across the two floors while providing level boarding and easy access for all passengers, including those using wheelchairs.

The buses will be built in the United States as part of the recently announced partnership between Alexander Dennis and Big Rig Manufacturing, and are expected to be delivered in 2025. They will be supported in operation by Alexander Dennis's staff, as well as through the wider NFI Parts organization.

"Spokane Transit is thrilled to add the iconic double-deckers to our fleet," said E. Susan Meyer, STA chief executive officer. "These new buses, along with Eagle Station and Four Lakes Station, complete the Cheney line investments promised in STA Moving Forward, the organization's current 10-year plan."

Stephen Walsh, Alexander Dennis, vice-president, North America, said: "We're delighted to add Spokane Transit to the roster of transit agencies that value the benefits of double-deck buses, including their unrivalled passenger capacity on a compact road footprint. Commuters will enjoy great views from the top deck and a comfortable ride, taking public transportation to a new level."

Alexander Dennis introduced double-deck transit buses to the North American market in 2000 and has delivered over 1,200 Enviro500 since then.

NFI is a leader in zero-emission mobility, with electric vehicles (EV) operating (or on order) in more than 150 cities in six countries. NFI offers the widest range of zero-emission battery, and fuel-cell-electric buses and coaches, and its vehicles have completed over 140 million EV service miles.

High-resolution images are available for download from the Alexander Dennis website.

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 over 8,200 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 Ltd. (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.

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.

We seek Safe Harbor.