Mr. Brad Kohl of Lafarge Canada reports

LAFARGE CANADA PIONEERS ALL-ELECTRIC TRUCKS, SETTING THE BAR FOR SUSTAINABLE OPERATIONS IN NORTH AMERICA

Lafarge Canada has made a significant milestone in its commitment to sustainability and the journey toward achieving net-zero emissions. The company is taking a pivotal step by electrifying its work truck fleet in conjunction with North American electric vehicle supplier Vicinity Motor Corp., resulting in a reduction in Scope 1 emissions on site.

In collaboration with Vicinity and automotive dealer Pioneer Automotive Group, Lafarge Canada has identified a gap in the market offering within the work truck segment and selected a purpose-built, custom-upfit all-electric industrial vehicle -- the VMC 1200. Designed as a versatile vehicle to excel in aggregates and production sites, even in the face of challenging weather conditions, this vehicle sets a new standard for sustainable transportation in the construction materials industry.

Lafarge Canada is deploying two all-electric Vicinity trucks in its British Columbia aggregates and ready-mix operations, signifying a shift toward sustainable transportation solutions. As Lafarge expands its fleet, additional Vicinity models will be integrated throughout 2024.

Lincoln Kyne, senior vice-president, Lafarge Canada, British Columbia market, expressing his pride in this initiative, stated: "I am extremely proud of this industry-leading initiative with Vicinity Motor Corp., a company rooted in British Columbia. With a proven track record in producing reliable electric vehicles that operate across North America, I am excited for the opportunity to collaborate on the design of new models for our business lines in the coming years."

Brad Kohl, chief executive officer of Lafarge Canada (West), agreed: "The benefits of this electrification effort are twofold, delivering cost savings and contributing to a reduction in Scope 1 emissions on site. Each VMC 1200 truck is estimated to reduce site emissions related to transportation by 6,200 tonnes of CO2 [carbon dioxide] annually, showcasing Lafarge's firm commitment to sustainability and its role in combating climate change."

William Trainer, chief executive officer of Vicinity Motor, added: "We are thrilled to announce this new electrification partnership with Lafarge, Canada's largest supplier of sustainable and innovative building solutions. Our VMC 1200 is the ideal vehicle to help their team advance sustainable transportation and reduce carbon emissions in the Canadian building solutions sector -- helping to create a better world for everyone. We look forward to working closely with the team at Lafarge to enable their electrification journey."

Lafarge Canada remains steadfast in its pursuit of sustainable practices in the construction industry. The electrification of its truck fleet represents a significant step forward in the company's goal of reaching net-zero emissions and accelerating green growth.

About Vicinity Motor Corp.

Vicinity Motor is a North American supplier of electric vehicles for both public and commercial enterprise use. The company leverages a dealer network and close relationships with world-class manufacturing partners to supply its flagship electric, CNG (compressed natural gas) and clean-diesel Vicinity buses as well as the VMC 1200 electric truck to the transit and industrial markets.