CAE closes acquisition of xwave Defence, Security and Aerospace (DSA) division



    MONTREAL AND HALIFAX, May 4 /CNW/ - CAE and Bell Aliant Regional
Communications Income Fund ("Bell Aliant") today announced that CAE's
acquisition of Bell Aliant's Defence, Security and Aerospace (DSA) business
unit, operated by the xwave division of Bell Aliant Regional Communications,
Limited Partnership, has been completed.
    xwave's DSA division supplies real-time software and systems for
simulation, training, defence, and integrated lifecycle information management
for the aerospace and defence industries. The division employs approximately
200 people in Ottawa, Ontario; Halifax, Nova Scotia; and Esquimalt, British
Columbia.

    About xwave

    xwave, a division of Bell Aliant, is an Information Technology service
provider that serves clients through three lines of business: Professional
Services, Healthcare, and Advanced Technology Solutions. Together they plan,
design, build, and deliver technology solutions that meet clients' business
needs and help clients build a simpler, greener and more stable IT
environment. xwave employs over 1000 people in offices in St. John's, Halifax,
Moncton, Saint John, Fredericton, Charlottetown, Summerside, Montreal, Ottawa,
Toronto, and New England. More information can be found at www.xwave.com.

    About Bell Aliant

    Bell Aliant (TSX: BA.UN) is one of North America's largest regional
communications providers. Through its operating entities it serves customers
in six Canadian provinces with innovative information, communication and
technology services, including voice, data, Internet, video and value-added
business solutions. Through its xwave offices, Bell Aliant also provides IT
professional services in Canada and the US. Bell Aliant's employees are
committed to deliver the highest quality of customer service, choice and
convenience. More information can be found at www.bellaliant.ca.

    About CAE

    CAE (NYSE:   CGT; TSX: CAE) is a world leader in providing simulation and
modelling technologies and integrated training solutions for the civil
aviation industry and defence forces around the globe. With annual revenues
exceeding C$1.4 billion, CAE employs approximately 7,000 people at more than
75 sites and training locations in 20 countries. We have the largest installed
base of civil and military full-flight simulators and training devices.
Through our global network of 27 civil aviation and military training centres,
we train more than 75,000 crewmembers yearly. We also offer modelling and
simulation software to various market segments and, through CAE's professional
services division, we assist customers with a wide range of simulation-based
needs. www.cae.com
    %SEDAR: 00023938EF




For further information:

For further information: Media relations: Nathalie Bourque, CAE Vice
President, Public Affairs and Global Communications, (514) 734-5788,
nathalie.bourque@cae.com; Alyson Queen, Bell Aliant Public Affairs, (902)
487-5653, alyson.queen@bellaliant.ca; Investor relations: Andrew Arnovitz, CAE
Vice President, Investor Relations and Strategy, (514) 734-5760,
andrew.arnovitz@cae.com; Zeda Redden, Bell Aliant Investor Relations, (902)
487-5726, zeda.redden@bellaliant.ca

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Bell Aliant Inc.

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