NFI Group receives 46-Xcelsior order from Nevada

Mr. Chris Stoddart reports NFI SUBSIDIARY NEW FLYER AWARDED 46 BUS ORDER FROM LAS VEGAS RTC NFI Group Inc. subsidiary New Flyer of America Inc. has received a firm award from the Regional Transportation Commission of Southern Nevada for 46 Xcelsior compressed natural gas 40-foot transit buses. The purchase was supported by Federal Transit Administration funds and comes from options included in a contract which were added to New Flyer's backlog in the first quarter of 2025 for up to 129 Xcelsior CNG 40-foot transit buses. The Xcelsior CNG buses in this order emit 90 per cent less nitrogen oxide than diesel engines and meet particulate matter without the need of a filter. This leads to cleaner, more breathable air for communities that implement them. "New Flyer takes great pride in our 30-year history of excellence with RTC and looks forward to continuing this partnership in the years ahead," said Chris Stoddart, president, North American bus and coach, NFI. "RTC's current fleet consists entirely of NFI Group buses, operating Arboc and Alexander Dennis buses, in addition to New Flyer, which reaffirms the value our vehicles deliver for the agency and the citizens of southern Nevada every day." RTC is responsible for the oversight and expansion of transit, roadways, traffic management, transportation design, construction projects and regional planning efforts in southern Nevada through the southern Nevada strong regional plan. RTC Transit is a subsidiary of RTC that provides services in and around Clark county, Nevada, which has a population of more than 2.3 million people and includes the cities of Las Vegas, Henderson and Boulder City. Today, NFI supports growing North American cities solutions through its mobility solution ecosystem, which includes buses and coaches, infrastructure, parts and service, technology, work force development and training, and vehicle financing. NFI also operates the Vehicle Innovation Center, the first and only innovation lab of its kind dedicated to advancing bus and coach technology and providing work force development. Since opening in late 2017, the VIC has hosted over 540 interactive events, welcoming 11,600 industry professionals for electric vehicle and infrastructure training. 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 (motor coaches), Alexander Dennis (single- and double-deck buses), Plaxton (motor coaches), 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 (referring to propulsion systems that do not utilize internal combustion engines, such as 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. We seek Safe Harbor.