Montréal, Quebec, March 3, 2016

CGI Group Inc. (TSX: GIB.A) (NYSE: GIB) announced today that it has entered into a private agreement with Caisse de dépôt et placement du Québec (“la Caisse”) for the repurchase for cancellation of 7,112,375 of its Class A subordinate voting shares (“Class A Shares”) held by la Caisse for a price of $56.24 per Class A Share, which represents a discount to the closing price of the Class A Shares on the Toronto Stock Exchange (“TSX”) on March 3, 2016.

The transaction is made in connection with the periodic portfolio rebalancing of la Caisse. Once completed, la Caisse will continue to hold approximately 51.0 million Class A Shares, representing approximately 16.4% of CGI’s total outstanding shares.

“CGI continues to deliver a solid performance at all levels and to generate superior returns. We rebalance our portfolio periodically, when the appropriate conditions are in place, in order to capture a portion of these gains for our depositors, said Christian Dubé, Executive Vice-President, Québec, of la Caisse. CGI is very well positioned to continue its growth in markets across the world. This is why la Caisse intends to remain, in the long term, a significant shareholder of this leader in information technologies.”

“This transaction is immediately accretive and in line with our commitment of creating value, having returned some $2.5 billion to shareholders through share repurchases over the last decade," said Michael E. Roach, President and Chief Executive Officer, CGI. "With readily available access to more than $1.7 billion in capital, we remain very well positioned to continue executing our Build and Buy profitable growth strategy.”

A favorable decision was obtained from the Autorité des marchés financiers to exempt CGI from the issuer bid requirements under securities legislation applicable to the transaction, which is made at a discount in accordance with the decision and will be settled on March 8, 2016. The 2012 Registration Rights Agreement between la Caisse and CGI will also be terminated concurrently with the settlement of the transaction.

The share repurchase will be made under CGI’s normal course issuer bid (“NCIB”), the renewal of which was announced on January 27, 2016. Under the NCIB, CGI is authorized to repurchase up to 21,425,992 Class A Shares by February 3, 2017. The NCIB allows for purchases outside the facilities of the TSX by private agreements pursuant to exemption orders issued by securities regulatory authorities. As at March 3, 2016, no shares had been repurchased under the NCIB.

About CGI

Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 65,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services, including high-end business and IT consulting, systems integration, application development and maintenance and infrastructure management, as well as 150 IP-based services and solutions. With annual revenue in excess of C$10 billion and an order backlog exceeding C$20 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website:

About Caisse de dépôt et placement du Québec

Caisse de dépôt et placement du Québec is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2015, it held $248.0 billion in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure and real estate. For more information, visit, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.

Forward-Looking Statements

All statements in this press release 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 Canadian securities laws. These statements and this information represent CGI’s 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 but 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 IT industry; general economic and business conditions; foreign exchange and other risks identified in the press release, in CGI’s annual and quarterly Management’s Discussion and Analysis (“MD&A”) and in other public disclosure documents filed with the Canadian securities authorities (filed on SEDAR at and the U.S. Securities and Exchange Commission (filed on EDGAR at, 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, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information.

For more information:

Lorne Gorber
Executive Vice-President, Global Communications and
Investor Relations

Caisse de dépôt et placement du Québec:
Jean-Benoît Houde
Senior Advisor, Media Relations