Thomas Vik joins MCI as Private Market Regional Vice President

Des Plaines, Illinois, USA – December 9, 2022: (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) Motor Coach Industries (“MCI”), a subsidiary of NFI Group Inc. (“NFI”), and North America’s motor coach leader backed by reliable in-field technical expertise, 24/7 roadside assistance, and parts support, today announced that Thomas Vik has joined MCI as Private Market Regional Vice President for New and Pre-Owned Coach Sales in the Midwest region.

Reporting directly to Tom Wagner, Vice President of Private Sector Sales, Thomas is based in Hudson, Wisconsin, and will be responsible for MCI coach sales in the Midwest region, including Illinois, Indiana, Ohio, Michigan, Kentucky, Tennessee, and West Virginia.

Thomas brings over 25 years of experience in new business development, sales strategies, customer relationships, key market expansion, channel partner development, and client needs assessment in the motor coach industry.

Prior to joining MCI, Thomas occupied regional sales manager positions at Daimler Coaches North America and Prevost Car (US), Inc./Volvo Group North America, where Thomas established trusted operator relationships in the Midwest.

“Thomas brings a wealth of sales experience to MCI, and we are excited to welcome him to our team. Thomas’ proven accomplishments in the transportation industry demonstrate his strong commitment to establishing long-lasting and productive relationships with customers,” said Tom Wagner, Vice President, Private Sector Sales. “Thomas is an accomplished leader whose extensive skillset and talents will help MCI deliver the attention and service our new and pre-owned customers have come to expect as we continue to provide reliability-driven vehicles and market-leading support to serve our customers.”

Thomas earned a Bachelor of Business Administration in Marketing from Iowa State University. From 2013 – 2020, Thomas served on the Board of Directors of the Midwest Bus and Motorcoach Association, and, in 2016, he served as an Advisory Board Member of the Minnesota Charter Bus Operator’s Association.

About MCI

MCI is North America’s public and private market motor coach leader. Products include the luxury J-Series (an industry best-seller for over a decade), the workhorse D-Series, and the brand new zero-emission luxury and commuter coaches: the battery-electric J4500 CHARGE™, D45 CRT CHARGE™ and D45 CRT LE CHARGE™. MCI also provides maintenance, repair, 24-hour roadside assistance, parts, and technician training through the industry’s only Automotive Service Excellence (“ASE”) accredited and award-winning MCI Academy.

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 7,500 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. The Shares are traded on the Toronto Stock Exchange under the symbol NFI and NFI’s convertible unsecured debentures trade on the Toronto Stock Exchange under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, www.nfi.parts, www.alexander-dennis.com, www.arbocsv.com, and www.carfaircomposites.com.

Forward-Looking Statement

This press release may contain forward-looking statements relating to expected future events and financial and operating results of the NFI Group 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 those 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, NFI Group 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:

Amanda Wanke  
P: 515.474.1704  
[email protected]

For investor inquiries, please contact:

Stephen King
P: 204.224.6382
[email protected]