MTD’s first-of-its-kind project powered with two New Flyer Xcelsior CHARGE H2™ zero-emission, sixty-foot articulated buses

St. Cloud, Minnesota, USA: (TSX: NFI, OTC: NFYEF) NFI Group Inc. (“NFI”), a leading independent global bus and coach manufacturer and a leader in mass mobility solutions, today congratulated the Champaign-Urbana Mass Transit District (“MTD”) on the unveiling of its first in-America renewable transportation project. MTD’s “Riding on Sunshine” project will see the deployment of zero-emission, fuel cell-electric Xcelsior CHARGE H2™ buses from NFI subsidiary New Flyer of America Inc. (“New Flyer”), refueled with a 100% renewable hydrogen supply powered by solar energy. MTD is the public transportation provider in the cities of Champaign, Urbana, and Savoy regions of Illinois, delivering nearly 10 million rides annually through a full range of mobility services. The unveiling occurred today at MTD’s maintenance facility in Urbana, Illinois, where MTD revealed its project capturing the most abundant element in the universe – hydrogen – alongside the most abundant energy resource on Earth – solar power. MTD celebrated the milestone alongside Federal Transit Administration (“FTA”) Administrator Nuria Fernandez, American Public Transportation Association (“APTA”) President Paul Skoutelas, Senator Dick Durbin, Congressman Rodney Davis, Illinois Transportation Secretary Omer Osman, and NFI President and Chief Executive Officer, Paul Soubry. “The evolution to green mobility begins with forward-thinking transit agencies like MTD,” said Paul Soubry. “Since 1993, NFI has delivered nearly 200 buses to MTD, and is pleased to now provide New Flyer Xcelsior CHARGE H2 fuel cell-electric buses in support of MTD’s transition to zero emission. We’re excited to have been selected to support MTD’s game changing deployment of hydrogen technology, that also incorporates solar power for a truly sustainable outcome.” Driven by a mission of leading the way to greater mobility, MTD was the first in the United States to commercially order sixty-foot zero-emission, hydrogen fuel cell buses. MTD’s purchases were supported by the FTA and the Center for Transportation and the Environment. “MTD has always been forward thinking, and this project puts MTD right out on the cutting edge,” said Karl Gnadt, Managing Director / CEO, MTD. “We invite members of the public and the industries of transportation and energy to learn about our project and celebrate this advancement in climate resiliency.” The Xcelsior CHARGE H2™ is a battery-electric vehicle using compressed hydrogen as an energy source and range extender, requiring only 6-20 minutes to refuel. Fuel cell-electric technology is fully zero-emission and an innovative way to obtain extended-range operation similar to existing transit vehicles. Built on New Flyer's proven Xcelsior® platform, the Xcelsior CHARGE H2™ can save 85 to 135 tons of greenhouse gas per year from tailpipe emissions compared to a diesel bus. For more information, visit newflyer.com/chargeh2. NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 80 cities in five countries. NFI offers the widest range of zero-emission battery and fuel cell-electric buses and coaches, and the Company’s vehicles have completed over 40 million EV service miles. Today, NFI supports growing North American cities with scalable, clean, and sustainable mobility solutions through a four-pillar approach that includes buses and coaches, technology, infrastructure, and workforce development. NFI also operates the Vehicle Innovation Center (“VIC”), the first and only innovation lab of its kind dedicated to advancing bus and coach technology and providing workforce development. Since opening late 2017, the VIC has hosted over 300 interactive events, welcoming 4,000 industry professionals for EV and infrastructure training.

About NFI

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With 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 8,000 team members in nine 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 Limited (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 (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 105,000 buses and coaches around the world. NFI common shares are traded on the Toronto Stock Exchange under the symbol NFI. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, www.arbocsv.com, www.alexander-dennis.com, and www.nfi.parts.

About New Flyer

New Flyer is North America’s heavy-duty transit bus leader and offers the most advanced product line under the Xcelsior® and Xcelsior CHARGE® brands. It also offers infrastructure development through New Flyer Infrastructure Solutions™, a service dedicated to providing safe, sustainable, and reliable charging and mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are powered by electric motors and battery propulsion and 1,900 are zero-emission. Further information is available at www.newflyer.com.

Champaign-Urbana Unveils America’s First 100% Renewable Hydrogen Fleet With New Flyer Xcelsior Buses