Mr. Chris Stoddart reports

CITY OF OTTAWA'S OC TRANSPO ORDERS 50 NEW FLYER XCELSIOR CLEAN-DIESEL 60-FOOT BUSES

NFI Group Inc.'s subsidiary, New Flyer Industries Canada ULC, has received an order from OC Transpo (City of Ottawa) for 50 New Flyer Xcelsior 60-foot clean-diesel buses. The order, made under a Metrolinx contract, will replace aging buses currently in service and support more reliable, robust transit for riders across the capital region. The contract is valued at approximately $75-million and includes 100 equivalent units, which have been added to New Flyer's second quarter backlog.

"OC Transpo continues to modernize its fleet with high-capacity articulated buses that support the growing needs of Ottawa's communities," said Chris Stoddart, president, North American bus and coach, NFI. "The New Flyer clean-diesel articulated bus provides best-in-class passenger capacity, accessibility and comfort while reinforcing our long-standing partnership with OC Transpo."

This purchase marks Ottawa's fourth order of New Flyer buses in the past two years, and it recently invested in New Flyer battery-electric 40-foot heavy-duty buses.

OC Transpo operates Ottawa's integrated transit system, including bus, O-Train light rail and Para Transpo service, moving nearly 100 million annual customer trips across the city.

With this order, NFI continues to strengthen its Canadian footprint, supplying reliable transit solutions.

Today, NFI supports growing North American cities solutions through its mobility solution ecosystem, which includes buses and coaches; infrastructure; parts and service; technology; work force development and training; and vehicle financing. NFI also operates the vehicle innovation centre, the first innovation lab of its kind dedicated to advancing bus and coach technology and providing work force development. Since opening in late 2017, the VIC has hosted over 540 interactive events, welcoming nearly 11,600 industry professionals for electric vehicle and infrastructure training.

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 9,000 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 (motor coaches), Alexander Dennis Ltd. (single- and double-deck buses), 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 (referring to propulsion systems that do not utilize internal combustion engines, such as 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.

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