To: Gilbert Drapeau who wrote (986 ) 4/25/2002 9:57:31 AM From: Gilbert Drapeau Read Replies (1) | Respond to of 1177 Bombardier Announces Closing of Notes Offering in the United States MONTREAL, QUEBEC--APRIL 25, 2002 - 09:42 EDT Bombardier Inc. announced the closing on April 23, in the United States of a $550 million US 10-year notes offering, redeemable at the option of the Corporation. In response to strong demand, Bombardier increased the size of the offering, initially planned for $500 million US, to $550 million US. About 85% of the offering was subscribed by U.S.-based investors and the balance by investors from the United Kingdom, Europe and Asia. "The remarkable worldwide response to the offering shows investors' great confidence in Bombardier," said Francois Lemarchand, Vice President and Treasurer of Bombardier. The offering was made through a joint syndicate led by Deutsche Bank Securities Inc. and UBS Warburg LLC, including Banc of America Securities LLC, Banc One Capital Markets, Inc., Credit Suisse First Boston, JPMorgan, Salomon Smith Barney and Wachovia Securities. Bombardier Inc., a diversified manufacturing and services company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montreal, Canada, the Corporation has a workforce of some 80,000 people in 24 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2002 stood at $21.6 billion Cdn. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).