Mr. John Sapp reports

NFI SCHEDULES RELEASE OF FIRST QUARTER 2026 FINANCIAL RESULTS AND PROVIDES DETAILS ABOUT ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

NFI Group Inc. has scheduled the release date of its first quarter of 2026 (Q1 2026) financial results and the company's board of directors has set the date for its annual and special meeting of shareholders for May 8, 2026, at 11 a.m. Eastern Time.

First quarter 2026 results release

NFI intends to release its Q1 2026 financial results on Thursday, May 7, 2026, after market close with a conference call and webcast to discuss the results on Friday, May 8, 2026, at 8:30 a.m. ET. For attendees who wish to join by webcast, registration is not required; the event can be accessed on-line. 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 at 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, 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 8, 2026, until 11:59 p.m. ET on May 8, 2027, on-line on the Edge Media Server site. The replay will also be available on NFI's website.

New board directors

Two new directors are standing for election at this year's annual and special meeting of shareholders. The appointments of Daniel Barclay and John Scannell have been made to succeed directors Larry Edwards and Katherine Winter, who will retire from the board at the shareholders' meeting. The appointments of independent directors, Mr. Barclay and Mr. Scannell, further strengthen the board's expertise in manufacturing, supply chain management and capital markets. These additions reflect NFI's commitment to assembling a board with the right mix of skills to meet the company and the industry's needs and are the result of a rigorous selection process led by a leading executive search firm.

Annual and special meeting of shareholders

The shareholders' meeting will be held in-person in Toronto, Ont., and also broadcast virtually on Friday, May 8, 2026. The company has nominated eight current board members for re-election and two new board members for election at the meeting. The recommended nominees are Aziz Aghili, Daniel Barclay, Adam Gray, Paulo Cezar Da Silva Nunes, Anne Marie O'Donovan, Colin Robertson (chair of the board), Maryse Saint-Laurent, John Sapp, the company's president and chief executive officer, John Scannell and Jannet Walker-Ford.

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.

NFI is a leading independent global bus and coach 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.

We seek Safe Harbor.