Caisse de dépôt et placement du Québec acquires subscription receipts of GLV Inc.

Caisse de dépôt et placement du Québec (“Caisse”) announced today that, pursuant to a private placement of GLV Inc. (“GLV”) as disclosed on September 22, 2009 and completed on October 30, 2009 (the “private placement”), it has acquired 5 496 104 subscription receipts of GLV (the “subscription receipts”) at a unit price of $7.25 for a total amount of $39,846,754. Each subscription receipt will be exchangeable, under certain conditions, into one Class A subordinate voting share of GLV (the “subordinate shares”), for no additional consideration.

Caisse has acquired the subscription receipts of GLV (including the underlying subordinate shares) for investment purposes only. Depending on market conditions and other factors that Caisse may deem material to its investment decisions, Caisse may in the future (i) acquire additional subordinate shares or other securities of GLV, in the open market, in privately negotiated purchases or otherwise, and may also, (ii) depending on then-current circumstances, dispose of all or a portion of the subscription receipts (or the underlying subordinate shares) or other securities of GLV, in one or more transactions, in each case to the extent then permitted by applicable law and regulation.

Taking into account the potential exchange of the subscription receipts, Caisse may acquire 5,496,104 subordinate shares of GLV, representing approximately 14.86% of the subordinate shares of GLV issued and outstanding, and approximately 14.02% of the shares of GLV issued and outstanding (including the subordinate shares of GLV to be issued following the exchange of all the outstanding subscription receipts).

Including the subordinate shares of GLV that Caisse owned before the completion of the private placement, and taking into account the potential exchange of the subscription receipts, Caisse may hold 7,799,904 subordinate shares of GLV, representing approximately 21.09% of the subordinate shares of GLV issued and outstanding, and approximately 19.90% of the shares of GLV issued and outstanding (including subordinate shares of GLV to be issued following the exchange of all the outstanding subscription receipts).

Under a subscription agreement entered into between GLV and Caisse dated October 30, 2009 as part of the private placement, GLV must use the gross proceeds from the issuance of the subscription receipts to Caisse according to, and only for the acquisition by GLV of Christ Water Technology AG, in accordance with the voluntary takeover bid previously announced by GLV to purchase up to 100% of the shares of Christ Water Technology AG.