Bombardier Awarded fleet operations contract with go transit in Toronto

Company Brief

New Delhi, November 12, 2007

Bombardier Transportation announced today it has received a contract to supply fleet operations services for the Greater

Toronto Transit Authority (GO Transit) commuter rail system serving the city of Toronto and surrounding regions.The five-year contract, valued at an estimated 95 million euros ($140 million US, $130 million CDN), includes options for up to 15 additional years. Should GO Transit exercise all available options, the contract could reach an estimated value of 353 million euros ($519 million US, $483 million CDN).

GO Transit oversees one of the premier urban public transit systems in North America, carrying approximately 49 million passengers each year on bus and commuter rail services. It's rail transit system moves an estimated 165,000 passengers each weekday via 181 trains, seven lines, 57 stations and rail routes totalling more than 360 kilometers.

"We are very pleased to be extending our successful relationship with GO Transit, " said William Spurr, President,Bombardier Transportation - North America. "This is one of the most vibrant commuter rail operators in the Americas and a very important customer for our rapidly growing rail services business."

Bombardier has provided maintenance services to GO Transit's fleet of coaches and locomotives for more than a decade. Bombardier also supplied more than 400 BiLevel commuter rail coaches that make up the transit authority's commuter rail fleet. BOMBARDIER 'BiLevel' coaches are produced in Ontario, Canada at production facilities in Thunder Bay.

Under the contract, Bombardier will be responsible for train operations as well as management of train crews on six of GO Transit's seven commuter rail lines. Bombardier is scheduled to assume train operations in June 2008 and will begin preparations for the transition immediately. Bombardier will be recruiting for more than 100 train operator positions and several supervisory jobs.

"Our number one commitment is to manage a smooth transition and see that the thousands of commuters who rely on GO Transit each day get to their destinations safely and on time," said Mike Hardt, Vice President, Rail Services for Bombardier Transportation - North America. "We look forward to getting started."

For further information please contact:

Corporate Voice I WEBER SHANDWICK

12th floor, 'Mittal Chambers'

Nariman Point

Mumbai - 400 021

Tel: +91-22-22812957 / 60 I

Mobile: +91-9820737751 I

Fax: +91-22-22022391

Email: yasna@corvoshandwick.co.in, pvieira@corvoshandwick.co.in

Website: www.webershandwick.com