Bombardier Announces Notices of Partial Redemption for $200,000,000 of its 7.500% Senior Notes due 2024 and $200,000,000 of its 7.500% Senior Notes due 2025

Bombardier Inc. (“Bombardier”) today announced that it has issued a notice of partial redemption for $200 million principal amount of its outstanding 7.500% Senior Notes due 2024 (the “2024 Notes”), and a notice of partial redemption for $200 million principal amount of its outstanding 7.500% Senior Notes due 2025 (the “2025 Notes” and, together with the 2024 Notes, the “Redemption Notes”). As set forth in the notice of redemption issued today in respect of the 2024 Notes, the redemption date is March 17, 2022 (the “Redemption Date”), and the redemption price for the 2024 Notes is 103.750% of the principal amount redeemed, plus accrued and unpaid interest. As set forth in the notice of redemption issued today in respect of the 2025 Notes, the redemption date is March 17, 2022, and the redemption price for the 2025 Notes is 101.250% of the principal amount redeemed, plus accrued and unpaid interest.

On February 15, 2022, a copy of each notice of redemption with respect to the Redemption Notes was issued to record holders. Payment of the redemption price and surrender of the respective Redemption Notes for redemption will be made through the facilities of the Depository Trust Company in accordance with the applicable procedures of the Depository Trust Company on March 17, 2022. The name and address of the paying agent are as follows: Deutsche Bank Trust Company Americas, c/o Deutsche Bank Services Americas, 5022 Gate Parkway, Jacksonville, Florida 32256, Attention: Corporate Team/Bombardier Inc., Tel: 1-800-735-7777.

This press release does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any security and shall not constitute an offer, solicitation, sale or purchase of any securities in any jurisdiction in which such offering, solicitation, sale or purchase would be unlawful.

The Notes mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended, any state securities laws or the laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. The Notes mentioned herein have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the securities in Canada may only be made on a basis which is exempt from the prospectus requirements of such securities laws.

FORWARD-LOOKING STATEMENTS

Certain statements in this announcement are forward-looking statements based on current expectations. By their nature, forward-looking statements require us to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from those set forth in the forward-looking statements.

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