CHC Renews Australian Offshore Contract.

Energy Editors/Business Editors

ST. JOHN'S, Newfoundland & LABRADOR--(BUSINESS WIRE)--April 3, 2003

CHC Helicopter Corporation ("CHC") (NYSE: FLI) (TSX:FLY.A) (TSX:FLY.B) announced today that its operating division CHC Helicopters (Australia) has been awarded a three-year contract for the provision of a dedicated AS 332L1 Super Puma aircraft to Newfield Exploration Australia Ltd., with anticipated revenues of approximately CDN $14.5 million over three years.

This contract, which commences April 12, is in direct continuity to an existing contract with Newfield. The contract will be serviced from CHC's base on Troughton Island, approximately 300 miles west of Darwin, Australia.

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This press release may contain projections and other forward-looking statements within the meaning of the "safe harbour" provision of the United States Private Securities Litigation Reform Act of 1995. While these projections and other statements represent our best current judgement, they are subject to risks and uncertainties that could cause actual results to vary. These statements may involve risks and uncertainties including, but not limited to, factors detailed in CHC's Annual Report on Form 20-F and in other filings with the United States SEC. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated.