Montréal, May 12, 2008 The Caisse de dépôt et placement du Québec realizes a gain on the sale
of 20% of its participation in BAA The Caisse de dépôt et placement du Québec ("Caisse") announced that it has realized a meaningful premium on the sale of 20% of its stake in airport operator BAA. The transaction which occurred in July 2007 was subject to confidentiality agreements until recently. The Caisse’s interest in BAA stands at 23.15% compared to 28.94% at the time of the acquisition of BAA with Spain's Grupo Ferrovial and GIC in July 2006. As a result, the Caisse’s equity stake in BAA has gone from 1.2 billion pounds to 962 million pounds. |