The Caisse de dépôt et placement du Québec acquires common shares of Student Transportation Inc.

The Caisse de dépôt et placement du Québec (“Caisse”) announced that it acquired today, on the Toronto Stock Exchange, ownership and control over 63,000 common shares of Student Transportation Inc. [TSX: STB] (“Student“), representing approximately 0.08% of Student’s outstanding common shares, at an average price of CA$ 6.29 per share.

Prior to this acquisition, the Caisse held 7,536,518 common shares of Student and, following the acquisition, the number of Student’s common shares held by the Caisse will be 7,599,518 or 10% of common shares outstanding.

The Caisse may modify its investment in Student in response to market conditions or other relevant factors.

This news release is issued in compliance with the early warning system pertaining to the applicable securities regulations which requires investors, including the Caisse, to issue and file a news release and a report, notably, when they acquire beneficial ownership of, or control or direction over, voting securities of a reporting issuer such as Student, that, together with the securities that they already own, would constitute 10% or more of the outstanding securities of that class.

A copy of the early warning report will be filed with the applicable Canadian securities regulatory authorities and will be available on SEDAR’s website (www.sedar.com) or by contacting the person mentioned below.