APPROVALS AND CLOSING
On September 6, 2022, the Company received conditional approval from the New York Stock Exchange (NYSE) for the listing of the common shares
of Enerflex on the NYSE. On September 7, 2022, the Company received conditional listing approval from the TSX for the common shares of Enerflex issuable pursuant to the Transaction. Additionally, on September 8, 2022, the U.S. Securities
and Exchange Commission (SEC) declared the Registration Statement on Form F-4 effective. These approvals satisfied the final regulatory requirements to the calling of the respective meetings of
shareholders. The Company expects to close the Transaction early in the fourth quarter of 2022, subject to Enerflex and Exterran shareholder approval and other customary closing conditions.
SPECIAL SHAREHOLDER MEETINGS
The Enerflex Special
Meeting to consider and vote on the resolution in connection with the Transaction will be held at The Westin Calgary, 320 4th Avenue S.W., Calgary, Alberta, on October 11, 2022 at 9:00 a.m.
(MDT), for Enerflex shareholders of record at the close of business on September 9, 2022. Exterran also plans to hold its special meeting of stockholders to approve the Transaction on October 11, 2022.
HOW TO VOTE
Only Enerflex shareholders of record at the
close of business on September 9, 2022 are entitled to vote at the Special Meeting. Enerflex shareholders are not required to wait until the Special Meeting to cast their vote and are encouraged to vote online, by telephone, or mail, at their
earliest convenience. Voting instructions are detailed in the Circular.
The Circular is available under Enerflexs profile on SEDAR at
www.sedar.com, on EDGAR at www.sec.gov, and on the Companys website at www.enerflex.com. Enerflex shareholders are urged to read the Circular, including its appendices, carefully and in their entirety. The description of
the Transaction in this news release does not purport to be complete and is subject to and qualified in its entirety by reference to the Circular.
SHAREHOLDER QUESTIONS AND ASSISTANCE
The Company has
retained Morrow Sodali Global LLC (Morrow Sodali) to act as its proxy solicitation agent in connection with the Transaction. Enerflex shareholders who have questions regarding the Circular or require assistance with voting are encouraged
to contact Morrow Sodali, by telephone toll free in North America at 1 (888) 999-3016 or at 1 (289) 695-3075 outside of North America, or by e-mail at assistance@morrowsodali.com.
ADVISORY REGARDING FORWARD-LOOKING INFORMATION
This news release contains forward-looking information within the meaning of applicable Canadian securities laws and within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to managements expectations about future events, results of operations, and the future performance (both financial and operational) and business
prospects of Enerflex, Exterran, or the combined entity. All statements other than statements of historical fact are forward-looking statements. The use of any of the words anticipate, future, plan,
contemplate, create, continue, estimate, expect, intend, propose, might, may, will, shall, project,
should, could, would, believe, predict, forecast, pursue, potential, objective, capable, and similar expressions are