 Board of Directors Unanimously Recommends Shareholders Vote in Favour of the Arrangement QUEBEC CITY, July 16, 2021 PRNewswire - EXFO Inc. NASDAQ: EXFO TSX: EXF EXFO or the Corporation announces the filing of its management proxy solicitation circular the Circular and related proxy materials in connection with the special meeting of shareholders the Special Meeting to consider a special resolution approving the previously announced statutory plan of arrangement the Arrangement under section 192 of the Canada Business Corporations Act pursuant to which 11172239 Canada Inc. the Purchaser, a corporation controlled by Germain Lamonde, EXFOs founder and controlling shareholder, will acquire 100 of EXFOs subordinate voting shares the Subordinate Voting Shares for US6.00 per Subordinate Voting Share, except for the Subordinate Voting Shares already controlled, directly or indirectly, by Germain Lamonde and Philippe Morin the Excluded Shares assuming an agreement is reached between Mr. Lamonde and Mr. 