Mr. Marcel Bourassa reports

SAVARIA ANNOUNCES NEW CHIEF OPERATING OFFICER

Savaria Corp. has appointed Sebastien Bourassa to the position of chief operating officer effective May 15, 2023.

In this newly created role, Sebastien Bourassa will lead the daily global operations of the corporation including its 17 facilities for manufacturing and distribution in North America, Europe, China and Mexico. He will focus on the continued optimization of manufacturing operations and procurement activities, two core initiatives for Savaria that enhance integration synergies from key acquisitions made by the corporation in recent years. He will oversee all business segments to help meet sales and profitability targets, as well as help ensure that strategic initiatives are communicated and implemented across all divisions of Savaria, promoting a teamwork culture.

"Sebastien got his start at Savaria over 25 years ago with hands-on installations of our products. Progressively working in more senior roles, he has always been willing to go where he has been needed. In 2007, he had a vision to open a factory in China and he knew the best way to do that was to be there himself, so he moved there for seven years to lead our successful Savaria Huizhou operation. In 2022, he headed up the initiative for Savaria Mexico and had this new assembly facility up and running in about seven months. I am confident in Sebastien's abilities, experience and dedication to Savaria," declared Marcel Bourassa, president and chief executive officer of Savaria.

Sebastien Bourassa holds a BBA from HEC Montreal and an EMBA from Ivey Business School in Hong Kong. His previous role at Savaria was vice-president of operations and integration.

About Savaria Corp.

Savaria is a global leader in the accessibility industry. It provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. Its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, and elevators for home and commercial use. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, as well as an extensive line of medical equipment and solutions for the safe handling of patients, including ceiling lifts and slings. In addition, Savaria converts and adapts vehicles for personal and commercial uses. The corporation operates a sales network of dealers worldwide and direct sales offices in North America, Europe (United Kingdom, Netherlands, Switzerland, Italy, Germany, Poland and Czech Republic), Australia and China. Savaria employs approximately 2,250 people globally and its plants are located across Canada, the United States, Mexico, Europe and China.

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