Dorel Industries Inc. announced that its Board of Directors has declared a special dividend of $12.00 per share on Dorel's outstanding Class B Subordinate Voting Shares ("Class B Shares") and Class A Multiple Voting Shares ("Class A Shares"), representing an aggregate amount of approximately $390 million. The special dividend will be payable on February 1, 2022 to shareholders of record as at the close of business on January 18, 2022.