On November 23, 2010, Capital Desjardins inc., a subsidiary of the Fédération des caisses Desjardins du Québec, closed an issuance of $700 million of 3.797% Series H Senior Notes due 2020. This $700 million issuance of Series H Senior Notes is the first to be made by Capital Desjardins under the terms of a base shelf prospectus dated July 30, 2010, which provides for the issuance of a maximum of $3 billion of senior notes and preferred shares.

Desjardins Securities Inc., RBC Capital Markets, TD Securities Inc., BMO Capital Markets, CIBC World Markets Inc., Scotia Capital Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Casgrain & Company Limited and Laurentian Bank Securities Inc. acted as dealers with respect to the offering of the Series H Senior Notes.

Peter Villani and Christian Jacques of Fasken Martineau advised the dealers with respect to this transaction.