Discovery Air Inc. Files Management Information Circular for Proposed Sale of Fire Services Business - Seite 2

• Each of the Company's officers who is a shareholder, representing in the aggregate 4.09% of all voting rights attached to the issued and outstanding common shares of the Company, has entered into a voting and support agreement to vote their shares in favour of the approval of the DAFS Disposition.

Discovery Air encourages Company shareholders to carefully read the Circular as it contains important information, including a full description of the DAFS Disposition, background details on the extensive review and negotiation process undertaken, the detailed reasons behind the special independent committee's recommendation in favour of the DAFS Disposition, as well as the complete third party Formal Valuation and Fairness Opinion prepared by Capital Canada.

The Circular is available on SEDAR at www.sedar.com. The Circular is also being mailed to all shareholders of record. The Company has fixed October 12, 2016, as the record date (the "Record Date") for the purpose of determining Company shareholders entitled to receive notice of and vote at the Meeting or any adjournment or postponement thereof.

Process of Approval

As described in greater detail in the Circular, the approval of the DAFS Disposition will require the affirmative vote of a majority of the votes attached to the Class A shares and the Class B shares of the Company, voting together as one class, held by the Company shareholders present in person or represented by proxy at the Meeting, excluding for this purpose votes attached to Class A shares and Class B shares of the Company held by persons described in items (a) through (d) of Section 8.1(2) of Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions. The DAFS Disposition is also subject to receipt of any necessary regulatory approvals. It is anticipated that the DAFS Disposition will be completed as soon as all conditions have been satisfied or waived.

How to Vote

Registered Shareholders: if you are a registered shareholder, you can vote your shares either by attending the Meeting and voting, or if you cannot attend the Meeting, by having your shares voted by proxy in accordance with the instructions set out on the form of proxy mailed to shareholders who were registered as of the Record Date.

Non-Registered Shareholders: if you are a non-registered shareholder (meaning that your shares are held beneficially on your behalf, or for your account, by an intermediary (i.e. banks, trust companies, securities brokers, clearing agencies, trustees or other nominees)), you should contact your intermediary to determine what documentation the intermediary needs from you in order for you, or someone else appointed by you, to vote your shares at the Meeting.