407 International Inc. Announces Bond Redemption Price Information

    TORONTO, April 17 /CNW/ - 407 International Inc. (the "Company")
announced today the following redemption price per C$1,000 of principal amount
for its Senior Bonds, Series 99-A1, which are to be redeemed on April 20,

    C$400,000,000 aggregate principal amount of 6.05% Senior Bonds, Series
    99-A1, due July 27, 2009 (CUSIP No. 350863 AA 4) (the "Bonds")
    Redemption Price: C$1,014.71
    Accrued and unpaid interest: C$13.76
    Total Redemption Price, including accrued and unpaid interest: C$1,028.47

    All of the Bonds are to be redeemed. Further details of the redemption
are more fully described in the Company's news release of March 19, 2009.
Additional terms and conditions are contained in the notice of redemption
dated March 19, 2009 that was provided to the registered holder of the Bonds
("CDS & Co." as nominee of CDS Clearing and Depository Services Inc. ("CDS")).
    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 SNC-Lavalin

For further information:

For further information: Investors: Kenneth A. Walker, Chief Financial
Officer, Tel: (905) 265-4070; Media: Steve Spencer, Director, Communications,
Tel: (905) 264-5232

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