Mr. Stephen King reports

NFI SCHEDULES SECOND QUARTER 2024 FINANCIAL RESULTS AND CONFERENCE CALL

NFI Group Inc. intends to release its second quarter 2024 financial results on Wednesday, July 31, 2024, after the market close, with a conference call and webcast to discuss the results on Thursday, Aug. 1, 2024, at 8:30 a.m. Eastern Time.

For attendees who wish to join by webcast, registration is not required. NFI encourages attendees to join via 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 on the company's website.

Attendees who wish to join by phone must preregister on-line. 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, the company highly recommends that attendees wishing to join via 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 Aug. 1, 2024, until 11:59 p.m. ET on Aug. 1, 2025. Other materials will also be available on NFI's 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. NFI is enabling more livable cities through connected, clean and sustainable transportation.

With over 8,750 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- 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. 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.