Capital Desjardins Announces a $900 Million Issue of 5.187% Series G Senior
Notes due 2020

LÉVIS, QC, May 3 /CNW Telbec/ - Capital Desjardins inc. announced on April 30 an issuance of $900 million of 5.187% Series G Senior Notes due 2020. This $900 million issuance of senior notes is the third to be made by Capital Desjardins under the terms of a base shelf prospectus dated June 30, 2008, which provides for the issuance of a maximum of $2 billion of senior notes.

A pricing supplement relating to this issue was filed today with the securities regulatory authorities in each of the provinces in Canada and is available on the SEDAR website at www.sedar.com under Capital Desjardins' profile. The issuance of senior notes announced today is scheduled to close on May 5, 2010. The senior notes shall be dated as of May 5, 2010 and shall mature on May 5, 2020. The senior notes shall bear interest at the rate of 5.187% per annum, payable in arrears in equal semi-annual payments.

Desjardins Securities Inc., BMO Nesbitt Burns Inc., TD Securities Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Casgrain & Company Limited and Laurentian Bank Securities Inc. will be acting as agents with respect to the offering of senior notes.

Gross proceeds resulting from the issuance of the senior notes will be invested in subordinated notes to be issued by the Desjardins caisses. Such amounts will increase the capital base of the Desjardins caisses and will be used for their general purposes.

The senior notes have been rated A+ by Standard & Poor's, a division of the McGraw-Hill Companies, Inc., Aa2 by Moody's Investors Services, Inc. and AA (low) by DBRS Limited.

This press release does not constitute an offer to sell or the solicitation of any offer to buy securities in any province, state or jurisdiction in which such offer or solicitation would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.

The senior notes have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or delivered, directly or indirectly, or sold in the United States absent an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Capital Desjardins

Capital Desjardins, a wholly-owned subsidiary of the Fédération des caisses Desjardins du Québec, was established in 1995. Its purpose is to offer its own securities in the financial markets and to invest the proceeds in securities issued by Desjardins caisses. When caisses need capital, they do business with Capital Desjardins, which acts as a bridge between the Desjardins caisses and institutional investors by consolidating the securities they issue.

About Desjardins Group

Desjardins Group is the largest cooperative financial group in Canada and the sixth largest in the world, with assets of $157 billion. Drawing on the strength of its caisse network in Québec and Ontario, and its subsidiaries across Canada, it offers a full range of financial products and services to its 5.8 million members and clients. Desjardins specializes in Wealth Management and Life and Health Insurance, in Property and Casualty insurance, in Personal Services, in Business and Institutional Services. As one of the largest employers in the country, Desjardins is supported by the skills of its 42,200 employees and the commitment of over 6,200 elected officers. For more information, visit www.desjardins.com.

SOURCE Desjardins Group

For further information: For further information: (for journalists only): André Chapleau, Director, Media Relations, Desjardins Group, (514) 281-7229, 1-866-866-7000, ext. 7229, andre.chapleau@desjardins.com


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