Mr. Rob Marion reports

MCI TO DELIVER 92 D45 CRT COMMUTER COACHES TO NEW YORK CITY FOR EXPRESS SERVICE

New York City Transit (NYCT) has awarded a contract for 92 of NFI Group Inc. subsidiary Motor Coach Industries' D45 CRT commuter coaches.

Supported by state, local and Metropolitan Transportation Authority (MTA) funding, the new coaches will replace aging vehicles operating on express bus routes, helping deliver comfortable, efficient transportation for customers. The order has been added to NFI's third quarter 2026 backlog.

The MCI D45 CRT is purpose-built for high-capacity commuter and express operations, combining passenger comfort with the durability and performance transit agencies expect from MCI coaches.

"New York City Transit plays a vital role in connecting communities of the world's largest and most dynamic metropolitan regions," said Rob Marion, president, MCI. "We are proud to continue our longstanding partnership with NYCT and the broader MTA family by delivering high-quality commuter coaches that will enhance the customer experience and support consistent express bus service for riders. This investment reflects NYCT's continued commitment to modernizing its fleet and providing safe, comfortable transportation for the millions of riders who depend on public transit every day."

NYCT is a part of the MTA, which operates North America's largest transportation network. The MTA oversees the nation's largest bus fleet and more subway and commuter rail cars than all other U.S. transit systems combined, serving a population of 15.3 million across 5,000 square miles in New York City, Long Island, southeastern New York state, and Connecticut.

About NFI Group Inc.

NFI is a leading global bus and motorcoach manufacturer and a provider of aftermarket parts and service solutions. With more than 9,000 team members across ten countries and operations spanning over 40 facilities, NFI delivers a comprehensive portfolio of bus and coach platforms.

Through its brands New Flyer (heavy-duty transit buses), MCI (motorcoaches), Alexander Dennis Ltd. (single- and double-deck buses), ARBOC (low-floor cutaway and medium-duty buses) and NFI Parts, NFI supports a diverse and extensive portfolio, serving public transit, commuter, and coach markets. In total, NFI supports an installed base of more than 100,000 buses and coaches worldwide. NFI offers a broad range of propulsion systems, 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 advanced diesel technologies, providing agencies with multiple fleet technology options. NFI's common shares trade on the Toronto Stock Exchange (TSX: NFI) and its convertible unsecured debentures trade under the symbol NFI.DB.

About Motor Coach Industries

MCI is North America's leading manufacturer of public and private market motorcoaches. Products include the luxury J Series (an industry best-seller for more than two decades) and the workhorse D Series. MCI also provides maintenance, repair, 24-hour roadside assistance, parts and technician training through the industry's only Automotive Service Excellence (ASE) accredited and award-winning MCI Academy.

We seek Safe Harbor.