Organizational changes at Bombardier Transportation

Bombardier today announced that Pierre Lortie is stepping down as President and Chief Operating Officer of Bombardier Transportation in order to pursue other interests. Bombardier President and Chief Executive Officer Paul M. Tellier will chair the Management Committee of Bombardier Transportation until the appointment of a new president. These changes are effective immediately.

“I wish to thank Pierre Lortie for his substantial contribution to the integration of Adtranz and to the building of a strong order book for Bombardier Transportation,” said Paul M. Tellier. “Through his career of more than twelve years at Bombardier, he has always shown a sustained committment to the success of our organization”.

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 Montréal, Canada, the Corporation has a workforce of some 75,000 people and manufacturing facilities in 25 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2003 stood at $23.7 billion Cdn. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).

For information:

Dominique Dionne
Vice President, Public Relations and Communication
(514) 861-9481