 EXFO Shareholders to receive US 6.00 in cash QUÉBEC CITY, June 7, 2021 PRNewswire - EXFO Inc. TSX: EXF NASDAQ: EXFO EXFO or the Corporation announced today that it has entered into an arrangement agreement the Arrangement Agreement pursuant to which 11172239 Canada Inc. PurchaseCo, a corporation controlled by Germain Lamonde, EXFOs founder and majority shareholder, will acquire all of the issued and outstanding subordinate voting shares of the Corporation the Subordinate Voting Shares, except for 3,672,474 Subordinate Voting Shares the Excluded Shares already controlled, directly or indirectly, by Germain Lamonde the Arrangement. As of June 7, 2021, Germain Lamonde controls, directly or indirectly, the Excluded Shares and 31,643,000 multiple voting shares of the Corporation the Multiple Voting Shares, representing 14.22 of the issued and outstanding Subordinate Voting Shares, and 100 of the issued and outstanding Multiple Voting Shares and, respectively, representing collectively 61.46 of the issued and outstanding shares of the Corporation the Shares and 93.53 of the voting rights attached to all the issued and outstanding Shares. 