$700 Million of Medium-Term Notes Issued by 407 International Inc.

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

TORONTO, Oct. 1, 2025 /CNW/ - 407 International Inc. (the "Company") announced today that it has agreed to issue (i) $300 million aggregate principal amount of 4.81% Senior Secured Fixed Rate Notes, Series 25-A2, due October 3, 2055 (the "Series 25-A2 Notes") and (ii) $400 million aggregate principal amount of 4.11% Senior Secured Fixed Rate Notes, Series 25-A3, due October 3, 2035 (the "Series 25-A3 Notes" and, together with the Series 25-A2 Notes, the "Notes") through its Medium-Term Notes program and pursuant to a base shelf prospectus dated March 28, 2024, in an agency transaction with a syndicate led by BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. The syndicate also includes CIBC World Markets Inc., Scotia Capital Inc., Casgrain & Company Limited, National Bank Financial Inc. and TD Securities Inc. The distribution of the Notes is scheduled to close on October 3, 2025.

Highway 407 ETR (CNW Group/407 International Inc.)

Net proceeds in respect of the Notes will be used (i) to repay existing debt, (ii) to fund a series reserve account for the Notes, and (iii) for general corporate purposes.

ABOUT 407 INTERNATIONAL

Highway 407 ETR is an all-electronic open-access toll highway located in the Greater Toronto Area in Ontario, Canada. The highway spans 108 kilometres from Burlington in the west to Pickering in the east.

407 International Inc. is the sole shareholder of 407 ETR and is owned by:

• Cintra Global S.E., a subsidiary of Ferrovial S.A. (48.29%);
• Canada Pension Plan Investment Board (CPP Investments) and other institutional investors (44.20%); and
• Public Sector Pension Investment Board (PSP Investments) (7.51%).

News releases are available at 407etr.com/newsroom

SOURCE 407 International Inc.

For more information, contact: Investors: Geoffrey Liang, Chief Financial Officer, Tel: [phone]; Media: Christina Basil, Vice President, Communications and Government Relations, Tel: [phone]