CGI-AMS WINS OVER $50 MILLION IN CREDIT CONTRACTS GLOBALLY

CGI-AMS Inc., a wholly-owned U.S. operating subsidiary of CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB), has continued to build its credit business with the signing of multiple contracts for Credit services globally year to date totaling over $50 Million (with an average duration of 3 years). Clients include, PNC Consumer Services, Wachovia Corporation and other major financial institutions.

These wins include a number of multi-year managed services contracts for application maintenance, as well as the development, integration and maintenance of credit solutions. The company’s focus on increased maintenance work and recurring revenue has resulted in a backlog of maintenance revenue that has tripled since fiscal year ending 2005.

“Within the credit services group, we have fully optimized our technology tools and operational efficiencies as well as moved our client base to a global delivery model – delivering services to our clients wherever, whenever they are required based on their strategic business objectives,” said George Schindler, Senior Vice-President, New York Business Unit, CGI-AMS. “Outsourcing will give our clients the advantage of providing their partners and clients with best in class services, while capitalizing on the cost advantages generated by economies of scale.”

The breadth of these strategic contracts indicates CGI-AMS’s capabilities in providing end-to-end credit services. Our services and solutions have advanced according to client needs, from hosting networks and application management, to system integration and consulting, to full Business Process Outsourcing (BPO). CGI-AMS has embraced the global delivery model, distributing work near-and off-shore, resulting in Global Credit Delivery capabilities in India, Australia, Europe, the United States and Canada.

About CGI-AMS
CGI-AMS Inc. is the wholly-owned U.S. operating subsidiary of CGI Group Inc. Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 24,500 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the U.S., Europe, Asia Pacific as well as from centers of excellence in Canada and the U.S., Europe and India. CGI's annualized revenue run rate is currently $3.5 billion (US$3.1 billion) and at June 30, 2006, CGI's order backlog was $13.3 billion (US$11.9 billion). CGI's shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: www.cgi.com.

Forward- Looking Statements
All statements in this MD&A that do not directly and exclusively relate to historical facts constitute “forward-looking statements” within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and are “forward-looking information” within the meaning of sections 138.3 and following of the Ontario Securities Act. These statements and this information represent CGI Group Inc.’s (“CGI”) intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements or forward-looking information. These factors include and are not restricted to the timing and size of new contracts, acquisitions and other corporate developments; the ability to attract and retain qualified members; market competition in the rapidly-evolving information technology industry; general economic and business conditions, foreign exchange and other risks identified in the MD&A, in CGI’s Annual Report or Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), the Company’s Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at www.sedar.com), as well as assumptions regarding the foregoing. The words “believe,” “estimate,” “expect,” “intend,” “anticipate,” “foresee,” “plan,” and similar expressions and variations thereof, identify certain of such forward-looking statements or forward-looking information, which speak only as of the date on which they are made. In particular, statements relating to future performance are forward-looking statements and forward-looking information. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information. You will find more information about the risks that could cause our actual results to significantly differ from our current expectations in the Risks and Uncertainties section.

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