FTT Finning International Inc

Finning International Inc. (TSX: FTT) ("Finning," the "Company," "we," "us" or "our") announced today the release of our 2022 Sustainability Report.

Finning’s 2022 report showcases our ongoing efforts to prioritize the safety and well-being of employees, increase diversity, equity and inclusion across our workforce, reduce greenhouse gas emissions, and support the communities where we live and work.

"As we celebrate our 90th year, we're staying true to our values in our commitment to socially and environmentally responsible ways of doing business and working towards a low-carbon future together," said Kevin Parkes, president and CEO of Finning. “Our employees' dedication to health and safety, reducing our impact to the environment, and customer service drives our success and keeps us moving towards our goals."

Key highlights from our 2022 Sustainability Report:

• Increased our focus on significant incident prevention
• Created a plan with BHP in Chile to increase the representation of women in the workforce at BHP’S Escondida Mine in Chile to 50% by 2025
• On track to reduce our absolute GHG emissions by 40% by 2027 from our 2017 baseline
• Remanufactured 15,802 components at our OEM facility and recycled 3,725 tonnes of metal
• Expanded 4Refuel's fleet with compressed natural gas (CNG) powered trucks and reduced transportation time and emissions with the use of route optimization technology
• Engaged over 210,000 youth in STEM partnerships and employees volunteered more than 900 hours in support of STEM related activities.

Our Sustainability Report is complemented by our Sustainability Roadmap, an external assurance report, and a Global Reporting Initiative (GRI) supplemental information package, which outlines our governance around sustainability, stakeholder engagement, material sustainability topics, and management approach. These documents are available at www.finning.com/sustainability.

Contact information:

Ilona Rojkova                                                  Elisha McCallumDirector, Investor Relations                        Director, Communications604-837-8241                                                  778-668-0185FinningIR@finning.com                              Elisha.mccallum@finning.com        

ABOUT FINNINGFinning is the world’s largest Caterpillar dealer, delivering unrivalled service to customers for 90 years. Headquartered in Surrey, British Columbia, we provide Caterpillar equipment, parts, services, and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland.

FORWARD-LOOKING INFORMATION:

This news release contains information about our business outlook, objectives, plans, strategic priorities and other information that is not historical fact. Information we provide is forward-looking when we use what we know and expect today to give information about the future. Forward-looking information in this news release includes, but is not limited to, the following: our plan with BHP to increase the representation of women in the workforce at BHP’s Escondida Mine to 50% by 2025; and our target to reduce our absolute GHG emissions reduction target by 40% by 2027 from our 2017 baseline. All such forward-looking information is provided pursuant to the 'safe harbour' provisions of applicable Canadian securities laws. Unless otherwise indicated, forward-looking information in this news release reflects our expectations at the date of this news release. Except as may be required by Canadian securities laws, we do not undertake any obligation to update or revise any forward-looking information, whether due to new information, future events, or otherwise. Forward looking information, by its very nature, is subject to numerous risks and uncertainties and is based on a number of assumptions. This gives rise to the possibility that actual results could differ materially from the expectations expressed in or implied by such forward-looking information and that our business and sustainability outlook, objectives, plans, strategic priorities and other information that is not historical fact may not be achieved. As a result, we cannot guarantee that any forward-looking information will materialize.

Factors that could cause actual results or events to differ materially from those expressed in or implied by this forward-looking information include: our ability to attract and retain sufficient female workers to the workforce at the Escondida Mine; our ability to negotiate alternative power supply contracts on satisfactory terms and prices; our ability to take other steps to reduce our absolute GHG emissions; general economic and market conditions and economic and market conditions in the regions where we operate; our ability to raise the capital needed to implement our business plan; and the integrity, reliability and availability of, and benefits from, information technology and the data processed by that technology.

Forward-looking information is provided in this news release for the purpose of giving information about our current expectations and plans and allowing investors and others to get a better understanding of our sustainability efforts. However, readers are cautioned that it may not be appropriate to use such forward-looking information for any other purpose. Forward looking information provided in this news release is based on assumptions that we believed were reasonable on the day the information was given, including but not limited to, about our abilities stated in the preceding paragraph.

Some of the assumptions, risks and other factors which could cause results to differ materially from those expressed in the forward-looking information in this news release are discussed in our current Annual Information Form (AIF) and in our most recent annual and quarterly management’s discussion and analysis (MD&A) for financial risks. We caution readers that any risks described in this news release, or in our MD&A or AIF are not the only ones that could impact us. Additional risks and uncertainties not currently known to us or that are currently deemed to be immaterial may also have a material adverse effect on our activities, business, financial condition, or results of operations.