ADVISORY/Commerzbank Securities Available to Comment On Bombardier Inc.'s Earnings.

Business Editors

ADVISORY...for Monday (Nov. 18)

--(BUSINESS WIRE)

WHO:    Steven Altman, Fixed Income Credit Analyst
        Commerzbank Securities

WHAT:   Available to comment on the Bombardier Inc. third quarter
        earnings due out on Tuesday, November 19.

        Consensus estimates are for EPS of C$0.19, 5% above C$0.18 in
        q3'01.

        Since bottoming at C$3.30 on October 9, the company's Class B
        common shares have rallied 75% to close at C$5.78 at the end
        of last week, a price level approaching a 2.5 month high.

        Commerzbank Securities believes it is critical that the
        company deliver results that at least match estimates, but it
        is equally important that the company reaffirm its q4 forecast
        for earnings and cash flow to sustain current price levels.
        Management credibility took a hit from the downward revision
        of earnings and cash flow provided in advance of the q2'02
        earnings report.

        From previous guidance, management expects full year FY 2003
        EPS of C$0.70 and free cash flow of C$1.3bn with a majority of
        the free cash flow to be generated in q4. Management expects
        manufacturing net debt/capitalisation to be reduced to 30%
        from its July 31 level of 51%, an aggressive goal, in our
        view.

WHEN:   Today, Monday, November 18, 2002 and on an ongoing basis

WHERE:  By phone or one-on-one