CAE SimuFlite continues support for women in aviation

• Names two more scholarship winners

DALLAS/FORT WORTH INTERNATIONAL AIRPORT, March 15, 2004--

(NYSE: CGT; TSX: CAE) – CAE SimuFlite has named Pamela de Castro and Kelli Lynn Cowart winners of its training scholarships awarded through Women in Aviation International.

Pamela de Castro of Oakland, California, has received a Citation type-rating scholarship, and a King Air C90 initial pilot-training scholarship has been given to Kelli Lynn Cowart of Douglasville, Georgia. The scholarships were presented by Kamilia Sofia, CAE’s vice president of integrated training solutions, at Women in Aviation’s 15th annual conference held March 11-13 in Reno, Nevada.

The two will begin training this summer at CAE SimuFlite’s Dallas/Fort Worth facility.

CAE SimuFlite’s scholarship program was launched 18 years ago, and through its Women in Aviation scholarships, promotes business aviation as a career choice for young female aviators and aircraft maintenance technicians.

CAE SimuFlite is expected to announce in May four more recipients of Citation initial pilot-training scholarships awarded through the University Aviation Association, which is an alliance of more than 100 accredited colleges and universities.

Women in Aviation International is a nonprofit organization dedicated to the encouragement and advancement of women in all aviation career fields and interests.

CAE is a leading provider of integrated training solutions and advanced simulation and controls technologies to civil aviation, military and marine customers. The company generates annual revenues in excess of C$1 billion and employs about 5,500 people in Canada, the United States and around the globe.

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