Bombardier Charts the Course for Growth.

Business Editors

MONTREAL--(BUSINESS WIRE)--June 4, 2002

Number one worldwide in four of its five largest markets, with increased revenues in all its sectors of activity and a record backlog of more than $44 billion, Bombardier (TSE:BBD.A.) (TSE:BBD.B.) is more diversified and better positioned than it was at the same time last year to pursue growth and reach new heights, even in this more difficult and more complex environment.

This is the substance of what was demonstrated at today's annual shareholders' meeting by Laurent Beaudoin, Chairman of the Board and of the Executive Committee and Robert E. Brown, President and Chief Executive Officer of Bombardier Inc.

While acknowledging the impact of last September's tragic events on Bombardier's stock price, Mr. Beaudoin reminded the audience that the stock has constantly outperformed stock market indices over the years, including fiscal year 2001-02. "We have the staying power and we have full confidence in our ability to succeed. It is in times like these that the innovative and entrepreneurial culture that defines Bombardier's success blooms and thrives," said Mr. Beaudoin. "This spirit and this long-term vision continue to drive our majority shareholders and Bombardier's management team," concluded the Chairman.

"Provided the world's economy continues to improve, as forecasted, in the second half of the year," added Mr. Brown, "the current year looks quite promising. We are very confident that we will achieve our 10% earnings per share growth target by the end of the fiscal year."

Referring to the events that, in less than one year, have shaken the business world in every industrialized country, the President and CEO drew attention to the corporate values and the operational excellence that have allowed Bombardier to evolve in such a changing, turbulent environment, "without losing sight of the essentials of development and growth that ensure the future of our company."

"Maximizing shareholder returns is more than a goal for Bombardier. It is how we do business and it is part of our values and our corporate culture," said Mr. Brown.

For Mr. Brown, "our company's huge potential and its ability to stay on course in terms of growth have remained entirely unaffected, despite current economic conditions," even during times and situations when it is difficult to achieve corporate objectives, as has recently been the case.

Bombardier Inc., a diversified manufacturing and services company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montreal, Canada, the Corporation has a workforce of some 80,000 people in 24 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2002 stood at $21.6 billion Cdn. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).