Press Release

PRESS RELEASE For immediate release WINNIPEG- Enns Brothers, a John Deere agricultural equipment and outdoor recreational equipment dealer in Manitoba and NW Ontario, today announced that it has entered into an agreement to sell its Recreational and Marine Products Division, to the FFUN Group, one of Canada’s fastest growing automotive and recreational equipment dealerships. It is anticipated that the sale will be effective August 21, 2023. This announcement represents the culmination of an extensive review of Enns Brothers’ business divisions and the markets they serve. The company has been a successful agricultural equipment dealer for 66 years in Manitoba. Twenty years ago, they began investing in growing a presence in the outdoor recreational products space and achieved success, with dedicated recreational product locations in Winnipeg and Kenora and 3 other locations selling both agricultural and recreational products. When the FFUN Group approached Enns Brothers, both groups quickly recognized their common values and similar approach to business. “It was clear to us that The FFUN Group would be able to leverage their existing infrastructure and expertise to more rapidly achieve the potential of the recreational and marine business in Manitoba and NW Ontario,” said Ray Bouchard, President and CEO of Enns Brothers. The FFUN Group’s CEO agrees. “Our vision is to represent the coolest products, sold by the best people and backed by an unshakeable commitment to bringing fun to life for employees and customers,” explains The FFUN Group CEO, Mark Loeppky. “Enns Brothers has a solid group of knowledgeable employees, high quality product lines and we share a commitment to customer service excellence. We know that the Enns Brothers Recreational and Marine Division will be a great fit for our company, and we are very excited to welcome the employees to our team.” “The FFUN Group checked all the boxes for us in terms of their knowledge of the industry, their drive for growth, customer support and the way that they treat their employees,” said Ray Bouchard. “We thank our loyal customer group for their business over the years and want to let them know that we have the utmost confidence in The FFUN Group’s ability to continue delivering value and making outdoor activities FUN, all year round.” Overview of the Transaction: • Upon completion of the Transaction, The FFUN Group will acquire ownership of the Enns Brothers Kenora and Winnipeg (Lagimodiere) recreational products locations. • The FFUN Group will open new locations in Portage and Headingley • Enns Brothers will continue to sell recreational products out of its Steinbach location, which is not part of the sale. -30Enns Brothers For the past 66 years, Enns Brothers has been honoured to serve customers across Manitoba. The company is locally owned and staffed by teams of committed professionals with strong roots in their communities. Backed