Finning Provides a Corporate Update - Seite 2

“We continue to monitor the COVID-19 situation closely and are responding swiftly and effectively to protect the interests of our stakeholders. I am confident that our skilled and loyal workforce, the diversification and strength of our business model, and our strong relationship with Caterpillar position us well to navigate the current environment,” said Scott Thomson, President and CEO of Finning International.

Finning International is the world's largest Cat equipment dealer delivering unrivalled service to customers for more than 87 years. Finning sells, rents and provides parts and service for equipment and engines to help customers maximize productivity. Headquartered in Vancouver, B.C., the Company operates in Western Canada, Chile, Argentina, Bolivia and the United Kingdom and Ireland.

Contact Information:
Investor Relations
Amanda Hobson
Senior Vice President, Investor Relations and Treasury
[phone]
[e-mail]
www.finning.com

Media and Government Relations
Elisha McCallum
Director, Global Communications
[phone]
[e-mail]
www.finning.com

Forward-Looking Information
^{This news release contains statements about our business outlook, objectives, plans, priorities and other statements that are not historical facts. A statement we make is forward-looking when we use what we know and expect today to make a statement about the future. Forward-looking statements may include terminology such as aim, anticipate, assumption, believe, could, expect, goal, guidance, intend, may, objective, outlook, plan, project, seek, should, strategy, strive, target, and will, and variations of such terminology. Forward-looking statements in this circular include, but are not limited to, statements with respect to: our business continuity management plans to respond to COVID-19 and related market conditions; adjustments to our plans to adapt to changing conditions; our continuing ability to serve customers through channels, including online at parts.cat.com, our ongoing branch operations, call centres, dropboxes and other flexible delivery alternatives; the functioning of our global supply chain; our strong financial position and capacity to increase capital availability in each of our regions; actions we are taking to control our costs and capital investments, including freezing recruiting activities, minimizing discretionary costs, controlling working capital investments and minimizing capital and rental expenditures to mission-critical maintenance and IT capital only; our belief that these measures will augment our ongoing emphasis on maximizing EBITDA to free cash flow conversion and further strengthen our balance sheet and our belief that we are well-positioned to navigate the current environment. All such forward-looking statements are made pursuant to the ‘safe harbour’ provisions of applicable Canadian securities laws.}