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Lothian Buses invests in capacity with order for 60 new Alexander Dennis Enviro400XLB tri-axles on Volvo B8L chassis. 1 Jun 2026 Alexander Dennis, a subsidiary of NFI Group Inc., today announced that it is working with Volvo Buses to build 60 new tri-axle double-deckers for award-winning Scottish bus operator Lothian Buses. The operator has placed a firm order with Volvo Buses for 60 new low-emission double-deck buses based on the efficient B8L chassis, which Alexander Dennis will body with its Enviro400XLB design. Lothian's new buses will have three axles and a length of 12.8m, around 1.3m longer than most of the operator's two-axle double-deckers. The extra length will be used to offer inclusive and accessible spaces for passengers on the lower deck, including two wheelchair and buggy spaces alongside priority seating. Passengers will board and alight at the front of the bus, allowing a high seating capacity to be maintained. The majority of the new Enviro400XLB will be used to meet rising demand in the East Coast Buses and Lothian Country operations, which connect East and West Lothian to the Scottish capital. The Airlink 100 service between Edinburgh airport and the city centre will also benefit from the fleet investment. Dylan Dastey, Engineering Director at Lothian Buses, said: "Lothian is delighted to once again be working in partnership with Volvo and Alexander Dennis, building on its long-standing relationships to deliver new double-deck vehicles for its capital city. "Since launching its Driving Towards Net Zero decarbonisation strategy in 2023, Alexander Dennis Limited has remained firmly focused on achieving its long-term sustainability ambitions. At the same time, Alexander Dennis Limited continue to invest in renewing and modernising its fleet to ensure Alexander Dennis Limited provide safe, reliable and high-quality services for its customers, both now and in the years ahead. "This investment reflects our ongoing commitment to delivering the best possible customer experience, while supporting our wider ambition to fully decarbonise the fleet over the coming years." Paul Davies, President & Managing Director at Alexander Dennis, said: "Alexander Dennis Limited is delighted to be part of this Lothian Buses-led collaboration which will deliver a new fleet of double-deckers for the Scottish capital and neighbouring areas. "We welcome Lothian's support for British design, engineering and manufacturing and the impact that this project will have on jobs and supply chain." "Alexander Dennis Limited is also delighted to be continuing its long-standing relationship with Volvo. Their B8L chassis offers a platform on which Alexander Dennis Limited has been able to design a version of its Enviro400XLB body that will allow Lothian to offer additional space to passengers, benefitting customers with accessibility needs and making bus travel more inclusive for everyone. "We're looking forward to partnering with Volvo to expand our range across the UK market and working closely with them on future opportunities." Domenico Bondi, Managing Director Volvo Bus UK & Ireland, said: "We are building on the cooperation that we have had back in 2018 which has been a successful project. We have a flexible business model working together with different bodybuilders and this is one example. The Volvo B8L is already a well-proven chassis and in service in many cities both in the UK and other countries. The new double deck will help to reduce road congestion and with it further improve air quality in Scotland's capital city." The collaboration between Lothian Buses, Volvo and Alexander Dennis builds on successful earlier work between the three companies, under which 78 Alexander Dennis Enviro400XLB on Volvo B8L chassis - built to a different specification - were supplied to Lothian Buses in 2018 and 2019. Lothian Buses also plans to order 40 zero-emission double-deckers from the two manufacturers, with Alexander Dennis placing its next-generation Enviro400EV body on the Volvo BZL electric chassis. Procurement of these vehicles is subject to confirmation of grant funding allocation to Lothian Buses from the Scottish Government's third-round Scottish Zero-Emission Bus Challenge Fund (ScotZEB3). Forward-looking statements. This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services; customers may not exercise options to purchase additional buses; the ability of customers to suspend or terminate contracts for convenience; production may be delayed or production rates may be decreased as a result of ongoing and future supply chain disruptions and shortages of parts and components, shipping and freight delays, and disruption to and shortage of labor supply; and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedarplus.ca. Due to the potential impact of these factors, NFI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

Another 14 Alexander Dennis buses for Compass Travel as ALBUM member confirms further investment. 28 May 2026 Alexander Dennis, a subsidiary of NFI Group Inc., today announced that it has agreed a deal with Compass Travel (Sussex) Ltd for the supply of 13 Enviro200 single-deck buses and one Enviro400 double-decker. The independent operator placed the order at the recent annual conference of the Association of Local Bus Managers (ALBUM), of which it is a member. All new buses are expected to be delivered before the end of 2026. They will join a fleet that is 90% Alexander Dennis vehicles, mainly Enviro200 single-deckers in multiple lengths. The latest 13 now on order will further strengthen the model's profile as the workhorse of the Compass Travel fleet. The operator took delivery of its first new Enviro400 double-deckers earlier this year, and is now adding a further example of the type. Michael Bishop, Managing Director of Compass Travel, said: "This major new order for a further 14 Alexander Dennis buses marks another significant step forward in its ongoing investment programme. "These new vehicles will further modernise its fleet, improve the customer experience and support the business needs of Compass Travel. Later this year, passengers will begin to see these new high-quality buses entering service, delivering upgraded bus services across its West Sussex network. "We are proud to continue investing in British-built vehicles and to maintain our strong relationship with Alexander Dennis. I would particularly like to thank our Sales Manager, Mark Taylor, for his continued support, responsiveness and commitment to helping us deliver our vision." Alexander Dennis Regional Sales Manager, Mark Taylor, added: "Alexander Dennis Limited is proud to continue the great partnership Alexander Dennis Limited has built with Compass Travel over the last decade and more. "Another Enviro400 double-decker and no fewer than 13 new Enviro200 confirm Compass's continued trust in our class-leading product and service, and it has been my pleasure to agree this latest deal with Michael Bishop at the ALBUM conference." The new deal for 14 Alexander Dennis low-emission buses was celebrated at the ALBUM conference by (left to right) Harry Davies, Compass Travel Head of Engineering; Michael Bishop, Compass Travel Managing Director; Charlie Miller, Alexander Dennis Head of Retail Sales; Chris Chatfield, Compass Travel Chairman; and Mark Taylor, Alexander Dennis Regional Sales Manager. Earlier Alexander Dennis Enviro200 for Compass Travel

BC Transit partners with Alexander Dennis for fleet upgrade with order of 41 new Enviro500 Double-Deckers. Rhea-AI Impact Rhea-AI Sentiment partnership Rhea-AI summary. NFI (OTC: NFYEF) subsidiary Alexander Dennis received a firm order for 41 Enviro500 double-decker buses from BC Transit on May 8, 2026, added to the company's firm backlog in Q1 2026. Each bus seats up to 80 passengers; units will replace end-of-life vehicles and expand double-decker capacity across British Columbia, including Victoria where ~50 Alexander Dennis double-deckers already operate. The order reinforces ongoing demand for the Enviro500 platform and continues a 40+-year partnership between NFI and BC Transit. AI-generated analysis. Not financial advice. Positive. * Firm order for 41 Enviro500 buses added to Q1 2026 backlog * High seating capacity: each bus seats up to 80 passengers * Strengthens relationship with BC Transit after 40+ years * Supports fleet renewal by replacing end-of-life vehicles Negative. * Contract value not disclosed in the announcement * Order size limited to 41 units (modest scale) News market reaction - NFYEF. 05/08/2026 - 04:00 AM WINNIPEG, Manitoba, May 08, 2026 (GLOBE NEWSWIRE) - (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading manufacturer of buses and coaches and a provider of comprehensive aftermarket parts and service solutions, subsidiary Alexander Dennis Limited (Alexander Dennis), has confirmed that it has received a firm order for 41 Enviro500 double-deck buses from BC Transit in British Columbia, Canada. The order was added to the company's firm backlog in Q1 2026. BC Transit is a provincial Crown corporation that delivers public transportation services throughout British Columbia, excluding the Greater Vancouver area. Servicing more than 1.9 million people and 130 communities across B.C., the agency transports more than 54 million people annually. The new buses will replace older vehicles that have reached the end of their operational life and will continue to integrate double-decker buses into the BC Transit fleet. Each Enviro500 will accommodate up to 80 seated passengers, delivering high seating capacity while maintaining a compact road footprint. BC Transit was the first transit service in North America to introduce double-decker buses in 2000, and it has continued to invest in double-deckers ever since. Victoria fleet currently includes approximately 50 Alexander Dennis double-decker buses, with additional buses being introduced throughout this year. "NFI and BC Transit have worked in partnership for more than 40 years with a shared commitment to ensuring comfortable, safe, and efficient transit for commuters in British Columbia," said Talha Wasif, General Manager, North America, Alexander Dennis. "We are excited to work with BC Transit once again by providing Alexander Dennis' Enviro500 double-decker buses that are renowned for exemplary passenger capacity." "Double-decker buses have been a defining symbol in our capital city since the year 2000, with Victoria becoming the first place in North America to operate double-decker buses for public transit," said Erinn Pinkerton, President and Chief Executive Officer for BC Transit. "The original 10 buses were Dennis Trident models manufactured by Alexander Dennis. BC Transit is proud that, a quarter of a century later, we continue to purchase double-decker buses from Alexander Dennis - a testament to the strong relationship between us." The contract adds to Alexander Dennis's order book and reflects ongoing demand for the Enviro500 platform, while supporting BC Transit's efforts to expand capacity and enhance passenger experience across the province. 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(R)(heavy-duty transit buses), MCI(R)(motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC(R)(low-floor cutaway and medium-duty buses), and NFI Parts(TM), 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. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, nfi.parts, www.alexander-dennis.com, arbocsv.com, and carfaircomposites.com. About Alexander Dennis Alexander Dennis is a world-class manufacturer of double-decker buses for the North American market and the only producer of double-deck buses on the continent. Operating from its manufacturing facility in Las Vegas, Nevada, Alexander Dennis designs and builds its Enviro500 double-deck buses for transit authorities across the United States and Canada. As a subsidiary of NFI Group Inc., Alexander Dennis combines global engineering expertise with local manufacturing to deliver high-capacity, efficient, and proven transit solutions for communities throughout North America. Further information is available at alexander-dennis.com. Forward-Looking Statement This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions (including as a result of tariffs and other trade measures) and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services (including as a result of recent U.S. policy developments); customers may not exercise options to purchase additional buses; the ability of customers to suspend or terminate contracts for convenience; production may be delayed or production rates may be decreased as a result of ongoing and future supply chain disruptions and shortages of parts and components, shipping and freight delays, and disruption to and shortage of labor supply; and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedarplus.ca. Due to the potential impact of these factors, NFI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. For media inquiries, please contact: Melissa Schnee P: 385.910.6861 [email protected] For investor inquiries, please contact: Stephen King P: 204.792.1300 [email protected] Faq. What did NFI (NFYEF) announce on May 8, 2026 about BC Transit? NFI announced a firm order for 41 Enviro500 double-decker buses from BC Transit added to Q1 2026 backlog. According to the company, buses will replace end-of-life vehicles and expand double-decker capacity across British Columbia. How many passengers does each Enviro500 double-decker seat for BC Transit (NFYEF)? Each Enviro500 will accommodate up to 80 seated passengers, delivering high seating capacity. According to the company, this helps increase passenger capacity while keeping a compact road footprint. Will the BC Transit (NFYEF) order change Victoria's double-decker fleet size? The order will add units to Victoria and provincial operations; Victoria currently has about 50 Alexander Dennis double-deckers. According to the company, additional buses will be introduced throughout the year. When was the BC Transit Enviro500 order recorded on NFI's backlog (NFYEF)? The order was added to NFI's firm backlog in Q1 2026. According to the company, it is a confirmed, firm order placed by BC Transit and reflected in backlog timing. What operational purpose did BC Transit state for the new Enviro500 buses (NFYEF)? BC Transit said the buses will replace older end-of-life vehicles and expand capacity across communities. According to the company, the move continues BC Transit's long-standing use of double-decker buses since 2000.