Blue Bird Corporation announced the final results of its tender offer, which expired at 5:00 P.M., New York City time, on October 15, 2018.

Blue Bird has accepted for purchase (i) 1,782,568 shares of its common stock, $0.0001 par value per share (the “Common Stock”) at a price of $28.00 per share (the “Common Stock Offer Price”), and (ii) 364 shares of its 7.625% Series A Convertible Cumulative Preferred Stock, par value $0.0001 per share (the “Preferred Stock” and together with the Common Stock, the “Shares”), at a price of $241.69 per share, for an aggregate cost of approximately $50 million, excluding fees and expenses relating to the tender offer. These shares represent approximately 6.54% of the shares of Common Stock outstanding and 0.39% of the shares of Preferred Stock outstanding. The tender offer was oversubscribed and pursuant to the terms of the tender offer, Shares were accepted on a pro rata basis. Blue Bird has been informed by Continental Stock Transfer & Trust Company, the depositary for the tender offer, that the proration factor for the tender offer (which represents the percentage of Shares properly tendered that were accepted for purchase by Blue Bird) is 8.08209% for shares of Common Stock and 0.3914% for shares of Preferred Stock. Payment for Shares purchased in the tender offer is expected to commence on October 19, 2018.

D.F. King & Co., Inc. served as information agent for the tender offer. Stockholders with questions may call D.F. King & Co., Inc. at (877) 896-3192 (toll free) or email [email protected].