CGI buys US$859 million of its shares from BCE

On January 12, 2006, CGI Group Inc. and BCE Inc. announced the completion of the purchase for cancellation by CGI of 100 million of its class A subordinate shares owned by BCE for a total purchase price of $859,230,000. In connection with the closing of the transaction, various commercial agreements between CGI, BCE and certain of their respective affiliates were amended and extended. Also in connection with the closing of the transaction, CGI increased its bank facilities by $200 million. The special committee of the board of directors of CGI established in connection with the transaction was represented by Fasken Martineau with a team led by Robert Paré that included Michel Boislard and Daniel Yelin. The bank lenders were also represented by Fasken Martineau with a team led by Marc Novello that included Martin Racicot and Andrew Klug.