CAE names location of new North East U.S. training centre

Montreal, February 15, 2005 --

(NYSE: CGT; TSX: CAE) - CAE will build its new North East United States business aviation training centre in Morris County, New Jersey. The centre’s location was revealed today by Jeff Roberts, CAE’s Group President, Civil Simulation and Training, during the unveiling of Dassault’s new business jet, the Falcon 7X, in Merignac, France.

In July 2004, CAE was awarded an exclusive contract by Dassault to provide entitlement training for pilots, maintenance personnel and cabin crew for the Falcon 7X aircraft. CAE will also provide training for the Falcon 900 EX/EASy and 2000 EX/EASy at the centre.

As announced at the 2004 National Business Aviation Association show, the centre will initially house six full-flight simulators and is expected to be operational by summer 2006.

“CAE is proud to have been designated exclusively as Dassault’s Falcon 7X training provider,” said Mr. Roberts. “The fact that CAE will have training centres for Dassault aircraft both in Europe and North America means that pilots, cabin crew and maintenance personnel can be trained at locations close to their home bases.”

The centre will feature modern classrooms and briefing rooms as well as leading-edge concepts in courseware such as the PC-based CAE Simfinity™ suite of training products.

Once this centre is in service, CAE will operate four major global business aviation training centres: Morris County (U.S.A.), Dallas (U.S.A.), Dubai (U.A.E.), and the London-Gatwick (U.K.) centre, which is slated for a fall 2006 opening. The exact location of the U.K. centre will be announced in the coming weeks. CAE’s expanding network of global training centers is designed to provide business aviation operators with convenient and accessible locations for their training requirements.

CAE is a leading provider of simulation and modelling technologies as well as integrated training services for commercial and business aviation, and defence customers worldwide. The company has annual revenues of approximately C$1 billion, with operations and training facilities in 17 countries on five continents.

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