Cedar Group names Pierre L. Roy as chief financial officer.

MONTREAL--(BUSINESS WIRE)--May 10, 1996--Cedar Group Inc. (NASDAQ/NMS: CGMV; VSE: CGM) is pleased to announce the selection of Pierre L. Roy as its chief financial officer.

Roy, previously employed as CFO of a multi-billion dollar international company listed on the Toronto Stock Exchange and NYSE, brings to the company over 25 years of accounting and finance experience with several major companies operating internationally. His combination of experience with both financial markets and international financial controls for rapidly growing companies will provide important support to Cedar's management team.

Roy as a professional accountant, has extensive management experience with taxation, finance, accounting, foreign exchange, large public offerings in Canada, the United States and Europe, investor relations and MIS. A graduate of both Concordia University and McGill University, he began his career in auditing with Touche Ross (now Deloitte Touche) and Clarkson Gordon (Ernst & Young). Subsequently, he served as finance director for Bell Canada, where he was responsible for overseeing capital markets activities for Canada's premier $4 billion telecommunications company. Roy then became vice president of Dominion Textile Inc., a $1 billion textile company where he managed the treasury, investor relations and capital budgeting process. In 1988, he joined DMR Group, a world-wide systems integration company, where he served as chief financial officer. As a member of the executive management team, Roy managed the various financial and internal control functions of the company. According to Roy, "The move to Cedar Group will provide me with the opportunity to further demonstrate my leadership and financial skills in a dynamic entrepreneurial environment."

Cedar Group's chairman and chief executive officer, Michel L. Marengere, expressed the board's pleasure in the selection of Roy, stating, "The recently completed acquisitions of 80 percent of McConnell Dowell Corporation of Australia and Cedar's potential privatization of MIL Davie coupled with the demonstrated growth of our core infrastructure business provides a superb platform from which to launch Cedar's bid as a major global infrastructure player."

"The expertise and track record that Mr. Roy will provide to our executive management team will help to ensure that this growth is achieved in the most efficient and profitable manner."

Cedar Group Inc., a Delaware corporation, is an international engineering, infrastructure project management, aerospace and industrial metal transformation company with operations and projects in North America, Europe and Asia. -0- This news release is neither approved nor disapproved by the Vancouver Stock Exchange.

CONTACT: Cedar Group Inc.

Eric Boyd, 514/634-3550

or

Strategic Growth International Inc.

Stan Altschuler, 516/829-7111