Dorel Industries Inc. — Proxy Solicitation & Information Statement 2022

Apr 14, 2022

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Dorel Industries Inc.

1255 Greene Ave., Suite 300 Westmount, Québec H3Z 2A4 (514) 934-3034 www.dorel.com

NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that an Annual and Special Meeting (the “ Meeting ”) of holders of Class A Multiple Voting Shares and Class B Subordinate Voting Shares of Dorel Industries Inc. (the “ Company ”) will be held at the Company’s head office, 1255 Greene Ave., Suite 300, Westmount, Québec, on May 25, 2022 at 10:00 a.m. (eastern time). The purposes of the Meeting are to:

1. Receive and consider the consolidated financial statements of the Company for the fiscal year ended December 30, 2021 and the auditors’ report thereon;

2. Elect directors;

3. Appoint auditors and authorize the directors to fix their remuneration;

4. Consider, and if deemed advisable, adopt a resolution in the form annexed as Schedule B to the Management Proxy Circular of the Company dated April 12, 2022 (the “ Circular ”), approving an amendment to the 2004 Directors’ Deferred Share Unit Plan of the Company;

5. Consider, and if deemed advisable, adopt a resolution in the form annexed as Schedule C to the Circular, approving an amendment to the 2009 Executive Deferred Share Unit Plan of the Company; and

6. Transact such other business as may properly be brought before the Meeting.

Only persons registered as shareholders on the records of the Company as of the close of business on April 12, 2022 (the “ Record Date ”) are entitled to receive notice of, and to vote or act at, the Meeting. No person who becomes a shareholder after the Record Date will be entitled to vote or act at the Meeting or any adjournment(s) thereof.

In light of ongoing public health concerns related to the COVID-19 pandemic, the Company is requesting that shareholders not attend the Meeting in person . The Meeting will be webcast through the Company’s website (www.dorel.com), on the home page under “Events”, and the Company asks all shareholders to participate in that manner. While shareholders viewing the webcast will not be able to vote during the Meeting, they will be able to ask questions to the Company’s management at its conclusion through the webcast platform.

Please vote your shares prior to the Meeting by returning the enclosed proxy form or voting instruction form, voting online or using the toll-free telephone number set out on the proxy or voting instruction form . Proxies to be used at the Meeting must be deposited with Computershare Investor Services Inc. (Attention: Proxy Department), 100 University Avenue, 8[th] Floor, Toronto, Ontario M5J 2Y1 prior to 5:00 p.m. (eastern time) on Monday, May 23, 2022 or with the Secretary of the Company before the commencement of the Meeting or at any adjournment thereof.

DATED at Montreal, Québec April 13, 2022

BY ORDER OF THE BOARD OF DIRECTORS

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Jeffrey Schwartz Executive Vice-President, Chief Financial Officer and Secretary