The Caisse has not dropped Jean Coutu Group - The Caisse has not only retained its holdings in Jean Coutu Group, it has increased them

The Caisse de dépôt et placement du Québec wishes to correct the misinformation that it has sold all its shares of Jean Coutu Group. The Caisse held 2,237,000 shares of Jean Coutu Group as at September 30, 2007; this position increased to over 3 million shares as at December 31, 2007.

Media conclusions regarding the Caisse’s holdings in the Group were based on statutory filings made by the Caisse with the U.S. Securities Exchange Commission (SEC). Up until September, filings by the Caisse disclosed its holdings in Jean Coutu Group. The December filing made no reference to the Caisse’s shareholdings in Jean Coutu Group because the Group is no longer an SEC registrant.

The Caisse would like to apologize to Jean Coutu Group and anybody who this information may have misled, and point out that this error might have been avoided if this interpretation had been checked with its representatives beforehand.

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, 2006, it held $143.5 billion of net assets. One of the leading institutional fund managers in Canada, the Caisse invests in the main financial markets as well as in private equity and real estate. For more information: www.cdpq.com.