Bombardier Inc. announced an amendment with respect to its cash tender offer previously announced on January 17, 2023 to purchase for cash up to $104,000,000 aggregate principal amount (exclusive of accrued and unpaid interest, and as such aggregate principal amount may be increased or decreased by the Company, the “Aggregate Maximum Principal Amount”) of its outstanding 7.50% Senior Notes due 2025. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Offer to Purchase dated January 17, 2023 with respect to the Tender Offer. The Tender Offer and the Offer to Purchase are hereby amended as follows: The Aggregate Maximum Principal Amount shall be raised from $104,000,000 to $354,000,000.

Except as expressly set forth herein, the terms and conditions with respect to the Tender Offer are as set forth in the Offer to Purchase, subject to the Corporation's right to further waive, amend or terminate any provisions of the Tender Offer, in the Corporation's sole and absolute discretion. The obligation of the Company to accept for purchase, and to pay for, Notes validly tendered pursuant to the Tender Offer is subject to, and conditioned upon, the satisfaction or waiver of certain conditions as set forth in the Offer to Purchase, in the sole and absolute discretion of the Company. None of Bombardier, the trustees for the Notes, the agents under the respective indentures for the Notes, the dealer managers, the information and tender agent, any of their respective subsidiaries or affiliates or any of its or their respective directors, officers, employees or representatives makes any recommendation to Holders as to whether or not to tender all or any portion of their Notes, and none of the foregoing has authorized any person to make any such recommendation.

Holders must decide whether to tender Notes, and if tendering, the amount of Notes to tender. All of the Notes are held in book-entry form. If hold Notes through a broker, dealer, commercial bank, trust company or other nominee, must contact such broker, dealer, commercial bank, trust company or other nominee if wish to tender Notes pursuant to the Tender Offer.

User should check with such broker, dealer, commercial bank, trust company or other nominee to determine whether they will charge a fee for tendering Notes on behalf. User should also confirm with the broker, dealer, bank, trust company or other nominee any deadlines by which must provide tender instructions, because the relevant deadline set by such nominee may be earlier than the deadlines set forth herein. Bombardier has retained Morgan Stanley & Co.

LLC and RBC Capital Markets, LLC to serve as the dealer managers for the Tender Offer. Bombardier has retained Global Bondholder Services Corporation to act as the information and tender agent in respect of the Tender Offer.