The Caisse de dépôt et placement du Québec would like to provide the following clarification in response to comments made about the ruling by Mr. Justice Claude Leblond against Vincent Lacroix.

The Caisse de dépôt et placement du Québec is very satisfied with the agreement in principle reached today under the Montréal Accord.

The Caisse de dépôt et placement du Québec (“Caisse”) announces that it has acquired, since December 14, 2007, on the Toronto Stock Exchange, 454,000 common shares of Duvernay Oil Corp. (“Duvernay”)

Dundee Securities Corporation, the administrative agent for Skeena Capital Trust, and the Pan-Canadian Investors Committee for Third-Party Structured Asset Backed Commercial Paper

The Pan-Canadian Investors Committee for Third-Party Structured Asset Backed Commercial Paper today announced that substantial progress has been achieved in establishing a framework to restructure the ABCP

The Caisse de dépôt et placement du Québec has taken note of the proposal, made public today, to merge the Montréal Exchange with the Toronto Stock Exchange.

Caisse de dépôt et placement du Québec (“Caisse”) announced today that, concurrently with the closing of the initial public offering of Innergex Renewable Energy Inc. (“Innergex”)

In response to an article that was published in the Journal de Montréal this morning, the Caisse de dépôt et placement du Québec would like to state that its interest in airport operator BAA is still a sound investment.

In a November 29, 2007 press release, rating agency DBRS confirmed that the exposure of the Caisse de dépôt et placement du Québec (the "Caisse") is not a risk to its credit profile

The Caisse de dépôt et placement du Québec would like to clarify an article published today in La Presse under the byline of Francis Vailles with a heading that translates as "Commercial paper losses of up to $5 billion."