August 8, 2024, Guelph, Ontario, Canada (TSX: LNR)

Strong financial performance

• Sales up 11.6% to $2.85 billion in Q2 2024;
• Normalized Operating Earnings¹ up 25.9% in Q2 2024; and
• Normalized Diluted Earnings per Share¹ up 17.2% in Q2 2024.

Mobility Segment Performing

• Mobility segment finished the quarter strong with normalized operating earnings of $126.2 million, up 59.3% compared to Q2 2023;
  and
• Third consecutive quarter of margin expansion with normalized operating earnings margin reaching 6.4%, meaningfully improved from
  2023 levels.

Diversified Strategy Success

• Industrial normalized operating earnings of $164.3 million are up 8.4% over Q2 2023, anchoring solid overall performance; and
• Industrial normalized operating earnings representing over 56% of consolidated normalized operating earnings solidly anchoring Linamar as a Diversified Industrial Business.

Double-Digit Sales Growth in Both Segments on Strong Market Share Growth

• Sales up 14.1% for Industrial for the quarter, due to excellent market share gains in scissors worldwide and telehandlers in North America, and worldwide market share gains in windrowers and combine drapers, in addition to the sales related to our most recent
  acquisition of Bourgault Industries Ltd.;
• Sales up 10.5% for Mobility in the quarter, driven by both our Linamar Structures 2023 acquisitions as well as launching programs
  and increased certain mature program volumes; and
• Content per vehicle ¹ (“CPV”) up in every region reflective of continued market share growth.

Returning Cash to Shareholders

• Linamar is maintaining its dividend to shareholders at quarterly $0.25 per share