Mr. Marcel Bourassa reports

SAVARIA CORPORATION ANNOUNCES NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted Savaria Corp.'s notice of intention to make a normal course issuer bid (NCIB). Pursuant to the NCIB, Savaria proposes to purchase, from time to time, if considered advisable, up to an aggregate of one million of its common shares, being approximately 1.38 per cent of its 72,269,829 issued and outstanding common shares as of Nov. 9, 2026, through the facilities of the TSX, other designated exchanges and/or alternative Canadian trading systems, or by such other means as may be permitted by the applicable securities regulator. The price that Savaria will pay for any common shares acquired by it will be the market price of the common shares at the time of acquisition. In case of off-exchange purchases, purchases may be at a discount to the prevailing market price. Purchases may commence on Nov. 17, 2026, and will conclude on the earlier of the date on which purchases under the NCIB have been completed and Nov. 16, 2027.

The average daily trading volume of the common shares over the most recently completed six calendar months was 210,673 common shares through the facilities of the TSX. Accordingly, with regard to purchases of common shares made by Savaria through the facilities of the TSX, Savaria is entitled to purchase, on any trading day, up to 52,668 common shares and to make block purchases of common shares that exceed such daily limit no more frequently than once per calendar week.

Savaria believes that purchases of common shares under the NCIB may contribute to an orderly market for its securities and represent from time to time an attractive investment and a desirable use of a portion of its corporate funds, including to offset the dilution resulting from the issuance of common shares under its stock option plan. All common shares purchased by Savaria pursuant to the NCIB will be cancelled.

"Based on the Nov. 9, 2026, closing price of $30.22, the NCIB would allow Savaria to repurchase up to approximately $30.2-million of its common shares over the next 12 months," said Marcel Bourassa, executive chairman of Savaria. "This program reflects our confidence in Savaria's long-term prospects and gives us an additional tool to create value for our shareholders, while preserving the financial flexibility to pursue our growth strategy."

In connection with the NCIB, Savaria has established an automatic purchase plan. The plan enables Savaria to provide standard instructions regarding how the common shares are to be repurchased on the open market during self-imposed blackout periods. The plan constitutes an automatic plan for purposes of applicable Canadian securities legislation and has been precleared by the TSX.

Savaria has not purchased any common shares under a normal course issuer bid within the past 12 months.

About Savaria Corp.

Savaria is one of the global leaders 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 elevators for home and commercial use, stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, and dumbwaiters. In addition, Savaria manufactures and markets a comprehensive selection of pressure management products, medical beds, as well as an extensive line of medical equipment and solutions for the safe movement of patients, such as transfer, lifting and repositioning aids. 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) and Australia. Savaria employs approximately 2,600 people globally and its plants are located across Canada, the United States, Mexico, Europe and China.

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