4338618 Canada Inc. and Beaudier Inc. Report 29.69% Stake in BRP Inc. Following Group Restructuring

This Schedule 13G/A filing, dated May 15, 2026, reports a significant ownership stake in BRP Inc. (DOOO) by a group of reporting persons, including 4338618 Canada Inc., Beaudier Inc., and members of the Bombardier family. As of March 31, 2026, the reporting group collectively beneficially owns 21,709,901 Multiple Voting Shares, representing approximately 29.69% of the company's Subordinate Voting Shares on a theoretical converted basis. The filing highlights a structural change within the holding group: effective March 31, 2026, Beaudier Holdings LP was liquidated into Beaudier Inc. Consequently, the 800,000 Multiple Voting Shares previously held by the LP are now directly included in Beaudier Inc.'s ownership totals. The reporting persons share voting and dispositive power over these securities. The calculations are based on a theoretical total of 73,122,989 outstanding Subordinate Voting Shares, assuming the conversion of all Multiple Voting Shares. This amendment marks the fifth update to their reported holdings.