Canam Group Inc. Common Share Buyback Program



    BOUCHERVILLE, QC, Aug. 6 /CNW Telbec/ - Canam Group Inc. (TSX: CAM)
announces that the Toronto Stock Exchange (TSX) has accepted the Company's
notice of intention to make a normal course issuer bid. Pursuant to the bid,
Canam Group may purchase, when it deems appropriate, through the facilities of
and in accordance with the requirements of TSX, up to 4,075,000 of its
outstanding common shares, representing approximately 10% of the Company's
public float. As at July 31, 2008, Canam Group had 49,436,206 issued and
outstanding common shares, of which 40,752,812 were held by the public.
    Purchases may be made pursuant to the notice of intention during the
12-month period commencing August 11, 2008 and ending August 10, 2009. In
accordance with TSX rules, the Company is entitled on any trading day to
purchase, through the facilities of TSX, a daily limit of 19,184 common shares
under the Company's share buyback program. The common shares purchased by the
Company will be cancelled. Certain directors or senior officers of Canam Group
may sell common shares while the program is in effect. Canam Group's Board of
Directors believes that the purchase of its common shares would be in the best
interests of Canam Group and would create value for its shareholders.
    During the last 12 months, Canam Group has not purchased any of its
common shares pursuant to a notice of intention to make a normal course issuer
bid.

    Canam Group Inc. is an industrial company operating 12 plants specialized
in the design and fabrication of construction products and solutions. The
company employs more than 3,000 people in Canada, the United States, Romania
and India, and has partnerships with companies in Mexico, France, Saudi
Arabia, the United Arab Emirates, Russia and China.




For further information:

For further information: Jasmin Gosselin, Vice President,
Communications, (450) 641-4000, jasmin.gosselin@canamgroup.ws;
www.canamgroup.ws


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890