BRP Inc.

EXPLANATORY NOTES

The information in this annual information form (the “Annual Information Form”) is stated as at January 31, 2026, unless otherwise indicated.

Unless otherwise noted or required by the context, the “Company” and “BRP” refer to BRP Inc. and its direct and indirect subsidiaries and predecessors or other entities controlled by them.

Unless otherwise indicated, all references to “$” or “dollars” are to Canadian dollars, references to “US$” or “U.S. dollars” are to United States dollars and references to “AUD$” are to Australian dollars. Amounts are stated in Canadian dollars unless indicated to the contrary.

All references to “Fiscal 2027” are to the Company’s fiscal year ended January 31, 2027, to “Fiscal 2026” are to the Company’s fiscal year ended January 31, 2026, to “Fiscal 2025” are to the Company’s fiscal year ended January 31, 2025 and to “Fiscal 2024” are to the Company’s fiscal year ended January 31, 2024.

All references to “season” throughout this Annual Information Form have different meanings depending on the applicable type of vehicle and region. Please refer to the following table for a description of such meanings:

Any references to seasonal data for multiple products refer to each product’s respective season for the specific year indicated. In Fiscal 2023, the Company stopped all sales, shipments and exports intended for Russia and stopped operating in the Russian market. Therefore, the data relating to the number of units sold in Fiscal 2026, Fiscal 2025 and Fiscal 2024 presented in this Annual Information Form does not include any units sold in Russia.

During Fiscal 2026, BRP completed the divestiture of Alumacraft and Manitou as part of its previously announced sale process relating to its Marine businesses. Following the Australian Competition and Consumer Commission’s (ACCC) decision to oppose the proposed sale of Telwater to Yamaha Motor Australia Pty Ltd., a subsidiary of Yamaha Motor Co., Ltd., BRP remained the owner of Telwater as of the end of Fiscal 2026. For purposes of the Company’s financial results for Fiscal 2026, the Marine businesses are presented as discontinued operations and, in the case of Telwater, as held for sale as of January 31, 2026.

Certain capitalized terms and phrases used in this Annual Information Form are defined in the “Glossary of Terms” beginning on page 53.