Completely out of my domain and seat of pants rationing here, but although the impact probability is 1%, aren't we far far more certain about the /time/ at which it would strike earth? Could humanity collectively just migrate to the side of the world that will be shielded for a day?
The good news is that, worst-case scenario, this is going to wipe out a city. And cities and their surrounding areas can absolutely be evacuated. We definitely have the cars and buses necessary for that.