Mr. Stephen King reports

NFI SCHEDULES RELEASE OF FIRST QUARTER 2025 FINANCIAL RESULTS AND PROVIDES DETAILS ABOUT ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

NFI Group Inc. has set the release date of its first quarter of 2025 (Q1 2025) financial results, and notes that the company's board of directors has set the date for its annual and special meeting of shareholders for May 9, 2025, at 12 p.m. Eastern Time.

First quarter 2025 results release

NFI intends to release its Q1 2025 financial results on Thursday, May 8, 2025, after the market close with a conference call and webcast to discuss the results on Friday, May 9, 2025, at 8:30 a.m. ET. 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 NFI 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, NFI 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 May 9, 2025, until 11:59 p.m. ET on May 9, 2026. The replay will also be available on NFI's website.

Annual and special meeting of shareholders

NFI's annual and special meeting of shareholders will be held in person in Winnipeg, Man., and also broadcast virtually, on Friday, May 9, 2025.

The company has nominated 11 current board members for re-election at the meeting. The recommended nominees are Aziz Aghili, Larry Edwards, Chan Galbato (chair of the board), Adam Gray, Paulo Cezar Da Silva Nunes, Anne Marie O'Donovan, Colin Robertson, Maryse Saint-Laurent, Jannet Walker-Ford, Katherine Winter and Paul Soubry, the company's president and chief executive officer.

The materials for the shareholders meeting and voting instructions have been 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's website.

About NFI Group Inc.

Leveraging 450 years of combined experience, NFI offers a wide range of propulsion agnostic bus and coach platforms, including market leading electric models. Through its low- and 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 nearly 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 (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.

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