Bombardier Responds to Unsolicited Third Party Tender Offer

    MONTREAL--Feb. 4, 2002--BOMBARDIER Bombardier Inc. has been notified that TRC Capital Corporation has made an unsolicited tender offer to purchase up to 20,000,000 of the Company's Class B subordinate voting shares at $13.50 Cdn per share. This price is below the closing price of $15.09 per share on the Toronto Stock Exchange on Feb. 1st 2002.
    Bombardier Inc. wishes to inform its shareholders that it does not recommend or endorse this unsolicited offer and that the Company is in no way associated with TRC Capital Corporation. Shareholders who are considering selling their shares are urged to consult their own financial advisor prior to doing so.
    Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It is also a provider of financial services and asset management. The Corporation employs 79,000 people in 24 countries in the Americas, Europe and Asia-Pacific and its revenues for the fiscal year ended Jan. 31, 2001 totalled $16.1 billion Cdn.
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