Addenda Capital announces a change to the senior management team

    MONTREAL, Oct. 9 /CNW Telbec/ - Addenda Capital Inc. ("Addenda")
(TSX:ADV) announces that its Board of Directors has appointed, as of today,
Ms. Myriam Larcher Chief Operating Officer and Chief Financial Officer.
    Ms. Larcher was part of the founding team of Addenda in October 1996
acting as portfolio manager prior to becoming Senior Vice President, Risk
Management and CFO in 2001.
    This change in senior management is in keeping with continuity and will
allow Addenda to maintain its focus on business development, value added and
high standards of client service.

    About Addenda

    Addenda is an investment management firm specializing in the active
management of fixed-income portfolios, primarily for institutional clients.

For further information:

For further information: Benoît Durocher, President and Chief Executive
Officer, (514) 287-7373,

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