Bombardier Announces Successful Renewal of Bank Lines in Europe

    MONTREAL--July 10, 2003--Today, Bombardier Inc. announced that on July 9, it successfully renewed the 364-day portion of its 3.75-billion euros syndicated European credit facility through syndicated banks. The new maturity date for this portion is July 7, 2004.
    Twenty-eight banks extended their facilities, totalling 560 million euros. The agent bank is HSBC Bank PLC.
    "This renewal attests to the confidence that banks in Europe have in Bombardier," said Francois Lemarchand, Bombardier's Vice President and Treasurer.
    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 75,000 people and manufacturing facilities in 25 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2003 stood at $23.7 billion Cdn. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).