Savaria Announces the Completion of Private Placements Raising Gross Proceeds of CAD191 Million to Finance a Portion of the Purchase Price of its Proposed Acquisition of Handicare Group AB - Seite 2

Completion of the acquisition of Handicare remains conditional upon the Offer being accepted to such extent that Savaria becomes the owner of shares representing more than 90 per cent of the total number of outstanding shares in Handicare and upon other regulatory and customary conditions. The Offer will not be completed at a lower level of acceptance.

Additional information on the Offer is available at Savaria's website at https://www.savaria.com/our-company/investors.

The subscription receipts and the Common Shares of Savaria have not been, and will not be, registered under the U.S. Securities Act or the securities laws of any state of the United States, and may not be offered, sold or delivered, directly or indirectly, within the United States, except in certain transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities within the United States.

ABOUT SAVARIA CORPORATION

Savaria Corporation is one of the global leaders in the accessibility industry. It provides accessibility solutions for the physically challenged to increase their comfort, mobility, and independence. Its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes, and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, and elevators for home and commercial use. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, as well as an extensive line of medical equipment and solutions for the safe handling of patients. In addition, Savaria converts and adapts vehicles to be wheelchair accessible. The Company operates a sales network of dealers worldwide and direct sales offices in North America, Europe (Switzerland, Germany, Italy, Czech Republic, Poland, and United Kingdom), Australia, and China. Savaria employs approximately 1,400 people globally and its plants are located across Canada in Laval and Magog (Québec), Brampton, Beamsville and Toronto (Ontario), and Surrey (British Columbia), in the United States at Greenville (South Carolina), in Huizhou (China), in Milan (Italy), and in Newton Abbot (United Kingdom).