2016

May 2, 2016

Fuel Systems Stockholder Meeting Scheduled For Tuesday, May 31

Fuel Systems’ Board of Directors recommends Fuel Systems stockholders vote “FOR” the Merger with Westport, Compelling merger edging closer to completion

Fuel Systems’ Board of Directors recommends Fuel Systems stockholders vote “FOR” the Merger with Westport; Compelling merger edging closer to completion.

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April 20, 2016

Westport Closes Second Tranche of Cartesian Investment

Cartesian Capital Group purchases Westport Hong Kong economic interest citing long-term view of natural gas vehicle market in China

Westport has sold a derivative economic interest in its Hong Kong holding company, Westport Hong Kong Ltd. to Cartesian Capital Group for an upfront payment of US$6.3 million plus a potential future payment based on Cartesian's return on investment.

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March 29, 2016

Westport Reports Fourth Quarter and Fiscal 2015 Financial Results

Westport Consolidated Adjusted EBITDA improved 54% over the prior year and 47% over the prior quarter

Westport reports financial results for the year ended December 31, 2015 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

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March 22, 2016

Westport Announces Fourth Quarter Fiscal 2015 and Year End Conference Call for Tuesday, March 29, 2016

To coincide with the disclosure, Westport has also scheduled a conference call for Tuesday, March 29, 2016 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

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March 18, 2016

Westport Shareholders Vote For Merger with Fuel Systems at Shareholder Meeting

Merger plus all other resolutions pass with overwhelming shareholder support

At the meeting, shareholders approved the issuance of such number of Westport common shares as required according to the Agreement and Plan of Merger dated September 1, 2015 (as amended) to complete the Merger, with 98% of votes cast voted in favour of the resolution, 94% of votes cast voted in favour of the amendment to Westport’s Omnibus Incentive Plan, and 98% of votes cast voted in favour of amending the articles of incorporation of Westport to change its name from Westport Innovations Inc. to Westport Fuel Systems Inc.

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March 17, 2016

Westport Appoints New Director to Board

Rodney Nunn to join Westport’s Board of Directors

Westport announces that Rodney (Rod) Nunn, President and CEO of KSR International Co.—a leading Tier One automotive supplier—has been appointed to Westport's Board of Directors as part of a nomination agreement between Westport and certain entities affiliated with Westport’s largest shareholder, Kevin Douglas (“the Douglas Group”).

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March 17, 2016

Proxy Advisory Firm Glass Lewis Recommends that Shareholders of Westport Vote for the Proposed Merger

Glass Lewis Has Advised Shareholders to Vote FOR the Business Combination

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March 14, 2016

Proxy Advisory Firm Recommends that Shareholders of Westport Vote For the Proposed Merger

ISS Has Advised Shareholders to Vote FOR the Business Combination

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March 7, 2016

Westport Signs Amendment to Merger Agreement with Fuel Systems

Updated agreement reflects current market conditions, provides greater certainty to Westport and Fuel Systems shareholders

Westport has signed an Amendment to the Agreement and Plan of Merger in relation to the proposed business combination between Westport and Fuel Systems.

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February 23, 2016

Westport Files Management Information Circular for Fuel Systems Transaction and Sets Date for Special Meeting of Shareholders

Compelling Combination To Bring a Broader Global Reach, Enhanced Technological Expertise, and Provide Significant Value to Westport Shareholders

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News Releases

August 29

Westport Fuel Systems to Repay Existing Debentures at Maturity

Early Termination of Debenture Tender Offer and Cancellation of Meeting of Debentureholders

August 14

Westport Fuel Systems Reports Second Quarter 2017 Financial Results

Enhanced Liquidity and Continued Execution on Stated Goals

August 7

Westport Fuel Systems to Announce Second Quarter Results on Monday, August 14, 2017

To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call on Monday, August 14, 2017 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

July 28

Westport Fuel Systems Announces Underwriters' Exercise of Over-Allotment Option

Westport Fuel Systems Inc. announced today the exercise of the underwriters' option from its previously announced offering to purchase an additional 2,425,000 common shares at the Offering price of US$1.50 per share. With the exercise of the option, Westport issued a total of 19,125,000 common shares under the offering for gross proceeds of US$28,687,500.

July 19

Westport Fuel Systems Closes Offering of Common Shares

Westport Fuel Systems Inc. announced today the closing of its previously announced offering of 16,700,000 common shares at a price of US$1.50 per share, for gross proceeds of US$25,050,000.

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