Mr. Stephen King reports

NFI SCHEDULES FIRST QUARTER 2024 FINANCIAL RESULTS AND ANNUAL MEETING OF SHAREHOLDERS

NFI Group Inc. intends to release its first quarter 2024 financial results on Thursday, May 2, 2024, after market close, with a conference call and webcast to discuss the results on Friday, May 3, 2024, at 8:30 a.m. Eastern Time.

For attendees who wish to join by webcast, registration is not required. NFI Group encourages attendees to join by webcast as a results presentation will be presented and users can also submit questions to management through the platform. The results presentation will be available at the NFI Group website.

Attendees who wish to join by phone must preregister. An e-mail will be sent to the user's registered e-mail address, which will provide the call-in details. Due to the possibility of e-mails being held up in spam filters, NFI Group highly recommends that attendees wishing to join by phone register ahead of time to ensure receipt of their access details.

A replay of the call will be accessible from about 12 p.m. ET on May 3, 2024, until 11:59 p.m. ET on May 2, 2025. The replay will also be available on NFI Group's website.

Annual meeting of shareholders

NFI Group's annual meeting of shareholders will be held virtually on Friday, May 3, 2024, at 11 a.m. ET.

The materials for the shareholders meeting and voting instructions will be sent to shareholders in advance of the meeting. Details on how to join the meeting, along with other relevant documents, including the management information circular, have been posted on NFI Group's website.

About NFI Group Inc.

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

With over 8,500 team members in 10 countries, NFI Group 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- and double-deck buses), Plaxton (motorcoaches), ARBOC (low-floor cutaway and medium-duty buses) and NFI Parts. NFI Group 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 Group supports its installed base of over 100,000 buses and coaches around the world. NFI Group'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.