Press Releases

County of Fairfax Awards Contract for up to 500 Clean Diesel Buses to New Flyer

St. Cloud, Minnesota, USA – September 18, 2017: (TSX: NFI) New Flyer of America Inc. (“New Flyer”), the U.S. subsidiary of New Flyer Industries Inc. (the “Company”), the largest transit bus and motor coach manufacturer and parts distributor in North America, today announced that the County of Fairfax Department of Transportation has awarded New Flyer with a contract for 14 Xcelsior® clean diesel, thirty-five and forty-foot heavy-duty transit buses.

The buses, which will be deployed on the Fairfax Connector bus network, include four forty-foot and ten thirty-five foot Xcelsior buses that will support Fairfax County’s scheduled fleet replacement.

The contract incorporates fleet expansion that will introduce the latest technology in emission standards with diesel-electric hybrids anticipated in the option purchase, which is also available to other agencies in the Metropolitan Washington area. The option for up to 500 additional buses purchased over the five-year contract period contains additional one-year renewals in the subsequent five-year period.

“We are extremely pleased to support the County of Fairfax as it replaces and enhances its bus fleet,” said Wayne Joseph, President, New Flyer of America. “We are specifically proud to partner on exploring hybrid transit bus technologies as a sustainable public transit solution, that will allow the County to expand its fleet with proven hybrid technology that helps reduce emissions in the Fairfax community.”

Fairfax County Connector is the largest public transit fleet in Virginia, moving over nine million riders per year over 180 square miles in Fairfax County.

About The Company

The Company is the largest transit bus and motor coach manufacturer and parts distributor in North America with 24 fabrication, manufacturing, distribution and service centers across America. It employs over 5,400 team members.

The Company is North America’s heavy-duty transit bus leader and offers the broadest transit bus product line under the brand Xcelsior®, incorporating the broadest range of drive systems available, including: clean diesel, natural gas, diesel-electric hybrid, trolley-electric, and battery-electric. New Flyer actively supports over 44,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 6,400 are powered by electric and battery propulsion.

The Company is also North America’s motor coach market leader offering the Motor Coach Industries (MCI) J-Series, the industry’s best-selling intercity coach for 11 consecutive years, and the MCI D-Series, the industry’s best-selling motor coach line in North American history. MCI is also the exclusive distributor of Daimler’s Setra S 417 and S 407 motor coaches in the United States and Canada. MCI actively supports over 28,000 coaches currently in service.

The Company operates North America’s most comprehensive aftermarket parts organization providing support for all types of transit buses and motor coaches. All buses and coaches are supported by an industry-leading comprehensive warranty, service, and support network.

Further information is available on the Company’s websites at www.www.newflyer.com and www.mcicoach.com. The common shares of the Company are traded on the Toronto Stock Exchange under the symbol NFI.

Forward-Looking Statements

This press release may contain forward-looking statements relating to expected future events and financial and operating results of the Company 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 and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedar.com. Due to the potential impact of these factors, the Company 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 further information, please contact:

Jon Koffman

Investor Relations

Ph: 320-316-4964