To: Gilbert Drapeau who wrote (799 ) 10/24/2001 11:16:32 AM From: Gilbert Drapeau Respond to of 843 COGNICASE and Mitsui Announce Strategic Relationship in Canada MONTREAL, QUEBEC--OCTOBER 24, 2001 - 10:07 EDT COGNICASE Inc. (Nasdaq: "COGI"), a provider of advanced transaction processing solutions and Internet-based applications, announced today that it has signed a marketing agreement with Mitsui & Co. (Canada) Ltd. The agreement will benefit both parties, by providing Mitsui Canada's clients with the opportunity to acquire COGNICASE's advanced technology and services. The relationship is intended to leverage Mitsui Canada's established Canadian business network and its relationships within the Canadian Japanese business community, most notably in Ontario. "Partnering with such a strong technology partner as COGNICASE presents an excellent opportunity for Mitsui Canada to expand our IT Solutions business into the Canadian market," said Kenji Dewa, President & CEO of Mitsui Canada. "It is the direction of Mitsui Canada to provide high-value-added services to our customers with cost-effective solutions. Our strategic partnership with COGNICASE will enable Mitsui Canada to achieve this goal." The arrangement will enable Mitsui Canada to meet its global parent Mitsui & Co., Ltd. (Tokyo)'s directive to have each of its offices provide best of breed technology services for its clients and business partnerships. "We are very pleased to be in a position to work with Mitsui Canada to provide our technology products and services to their established base of clients in Ontario and throughout Canada," stated Ronald Brisebois, Chairman of the Board, President and CEO of COGNICASE. "We believe our technical competence coupled with our significant experience operating in many of the same business sectors and geographic markets as Mitsui Canada combine to make this marketing arrangement very beneficial not just to each other, but more importantly, to the clients we both take pride in serving. We look forward to a long and mutually rewarding relationship with Mitsui Canada." /T/ Under the agreement, Mitsui Canada will identify opportunities with existing business partners for the deployment of COGNICASE's broad suite of technology products and services including but not limited to: * Payroll and HR outsourcing and software products * IT facilities management outsourcing * Call centre services * Financial software products * ISP and ASP services * Strategy, e-commerce, workflow, and ERP services * Technology education services * Related technology templates, products and services /T/ About COGNICASE COGNICASE (TSE: "COG", Nasdaq: "COGI") is an IT products and services provider specializing in advanced transaction processing and Internet-based applications. Relying on its results-driven approach, its software and technology and its Application Services Technology Centre, COGNICASE offers secure and scalable solutions that contribute to its customers' economic success in the age of the new economy. The Company is active in several countries, including Canada, the United States, France, Spain, Belgium, and the Netherlands. About Mitsui & Co., Ltd. (Tokyo) Mitsui & Co., Ltd.(Tokyo) is Japan's largest sogo shosha, or general trading company. The Company has two principal roles: to facilitate its clients' international trade-related activities and-making use of its substantial information, human, financial, and other resources-to create new trade flows, new enterprises, and new industries around the world. Mitsui & Co., Ltd. (Tokyo) is an international "business creator" offering value-added services to clients worldwide. The Company's 17 Operating Groups oversee a broad range of products, and have the knowledge and experience to best serve the ever-changing needs of the global marketplace. For more information about Mitsui & Co., Ltd. (Tokyo), visit the Company's Web site at mitsui.co.jp .