Allegations regarding a plan to replace most of the senior managers of the Caisse de dépôt et placement du Québec

    MONTREAL, Feb. 9 /CNW Telbec/ - Pierre Brunet, Chairman of the Caisse de
dépôt et placement du Québec, and Fernand Perreault, President and Chief
Executive Officer, today denied categorically the allegations in the media
that a plan to replace a large portion of the members of the Executive
Committee had been prepared or was in preparation.
    "These allegations are unfounded. They are prejudicial to the people
concerned and to the institution in that they create doubt about the
legitimacy of its officers and may adversely affect its business
relationships," Messrs. Brunet and Perreault stated.
    They also said that the Caisse was in possession of no document that,
directly or indirectly, set out such a plan, and that if such a document
existed, it did not come from the Caisse and had not been drawn up by it.

    About the Caisse de dépôt et placement du Québec

    The Caisse de dépôt et placement du Québec is a financial institution
that manages funds primarily for public and private pension and insurance
plans. As at December 31, 2007, it held $155.4 billion of net assets. One of
the leading institutional fund managers in Canada, the Caisse invests in the
main financial markets as well as in private equity and real estate. For more

For further information:

For further information: Maxime Chagnon, (514) 847-5493

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