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 3

FORWARD-LOOKING STATEMENTS

This press release includes certain statements that are “forward-looking statements” within the meaning of the securities laws of Canada. Any statement in this press release that is not a statement of historical fact may be deemed to be a forward-looking statement. When used in this press release, the words “believe”, “could”, “should”, “intend”, “expect”, “estimate”, “assume” and other similar expressions are generally intended to identify forward-looking statements. Forward-looking statements also include, but are not limited to, the statements regarding the Offer and its expected impact on the Company, the Equity Private Placements and the receipt of regulatory approvals. It is important to know that the forward-looking statements in this document describe the Company’s expectations as at the date hereof, which are not guarantees of future performance of Savaria or its industry and involve known and unknown risks and uncertainties that may cause Savaria’s or the industry’s outlook, actual results, or performance to be materially different from any future results or performance expressed or implied by such statements. The Company’s actual results could be materially different from its expectations if known or unknown risks affect its business, or if its estimates or assumptions turn out to be inaccurate. A change affecting an assumption can also have an impact on other interrelated assumptions, which could increase or diminish the effect of the change. As a result, the Company cannot guarantee that any forward-looking statement will materialize and, accordingly, the reader is cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements do not take into account the effect that transactions or special items announced or occurring after the statements are made may have on the Company’s business. For example, they do not include the effect of sales of assets, monetizations, mergers, acquisitions, other business combinations or transactions, asset write-downs or other charges announced or occurring after forward-looking statements are made.

Unless otherwise required by applicable securities laws, Savaria disclaims any intention or obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing risks and uncertainties include the risks set forth under “Risks and Uncertainties” in Savaria’s latest Annual MD&A as well as other risks detailed from time to time in reports filed by Savaria with securities regulators in Canada.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

Marcel Bourassa
President and Chief Executive Officer
Savaria Corporation
[e-mail] 

Stephen Reitknecht
Chief Financial Officer
Savaria Corporation
[e-mail] 
Phone: [phone]

Nicolas Rimbert
Vice President, Corporate Development
Savaria Corporation
[e-mail]
Phone: [phone]