Caisse de dépôt et placement du Québec corrects erroneous facts concerning its incentive compensation

The Caisse de dépôt et placement du Québec today corrected erroneous facts concerning its incentive compensation published in an article on Argent yesterday.

1. The article states that the Caisse failed to include all payments in its previous disclosure of incentive compensation paid for 2009.
   This is categorically false. All incentive compensation paid for 2009 was included in the previously disclosed amount totalling $20.9 M. This amount is approximately 50% of the incentive compensation paid for 2007.
2. Contrary to what was reported in a newspaper this morning, no incentive compensation ($ 0) was paid for 2008.
3. With respect to 2010, in line with disclosure practices at the Caisse and contrary to the implication contained in the article, the total amount of all incentive compensation paid in that year will be disclosed.
4. The article states that no incentive compensation would have been paid for 2009 had the previous compensation program of the Caisse been left in place.

This is categorically false. Had the previous compensation program of the Caisse remained in place, incentive compensation would have been higher than the incentive compensation paid for 2009.

The Caisse, like all large organizations, seeks to retain and attract the best talents in order to provide depositors and Quebeckers a performance at the level of their expectations.

ABOUT THE CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2009, it held $131.6 billion in net assets. As one of Canada’s leading institutional fund managers, the Caisse invests in major financial markets, private equity and real estate.

For more information: www.cdpq.com.