407 International Inc. Announces Bond Redemption Price Information

    TORONTO, June 14 /CNW/ - 407 International Inc. (the "Company") announced
today the following redemption price of the Subordinated Bonds described below
(the "Bonds") (per C$1,000 of principal amount) which are to be redeemed on
June 15, 2007:

    C$300,000,000 9.00% Subordinated Bonds, Series 00-C1, due August 15, 2007
    (CUSIP No. 350863 AT 3)
    Redemption Price: C$1,006.50
    Accrued and unpaid interest: C$29.59
    Total Redemption Price and accrued and unpaid interest: C$1,036.09

    All of the bonds are to be redeemed. The redemption is more fully
described in the Company's news release of May 16, 2007. Additional terms and
conditions are contained in the notice of redemption that was provided to the
registered holder of the Bonds (CDS Clearing and Depository Services Inc.
    Non-registered holders (banks, brokerage firms or other financial
institutions) who maintain their interests in the Bonds through CDS should
contact their CDS customer service representatives with any questions about
the redemption. Alternatively, beneficial holders with any questions about the
redemption should contact their respective brokerage firm or financial
institution, which holds interests in the Bonds on their behalf.

    407 International Inc. is the sole shareholder, operator and manager of
407 ETR, which extends 108 kilometres east-west, just north of Toronto. 407
International Inc. is owned by a consortium comprised of Cintra Concesiones de
Infraestructuras de Transporte, Macquarie Infrastructure Group and

For further information:

For further information: Investors: Kenneth A. Walker, Chief Financial
Officer, Tel: (905) 265-4070; Media: Dale A. Albers, Manager, Public
Relations, Tel: (905) 264-5221

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