Montreal, Quebec, October 16, 2001

CGI Credit Union Solutions and Services (Canada) announced a partnership with Niagara Credit Union for the evolution and distribution of their Niagara Navigator loan origination solution. Niagara Navigator is a feature-rich solution that enhances the functionality of CGI's existing CyberBranch Loan Navigator package. The combination of these two powerful systems will be known as EP Lender an extension of the CGI Employee Portal solution. EP Lender provides the following additional features:

  • Supports up to four co-applicants
  • Supports line-of-credit, consumer, mortgage, and credit card loans
  • Integrated mortgage and loan insurance and credit bureau access
  • Credit Union defined parameters for credit scoring
  • Generates loan-processing forms using Crystal Reports
  • Performs security tracking
  • Performs management analysis

"CGI Credit Union Solutions and Services is here to serve our credit unions and their members. We are enthusiastic about the feature-rich functionality our clients will receive with the addition of Niagara Navigator, " commented Gilles Godbout, Senior Vice President, Credit Union Solutions and Services. "The combination of the Niagara and Loan Navigator solutions will allow our credit unions to better serve their members and that is what we feel is most important."

Built 'by credit unions for credit unions' Niagara Navigator supports Niagara Credit Union's philosophy of gathering only the minimum amount of data required for the credit decision. Its web-based user interface supports CGI's strategy to deliver financial services solutions over the Internet.

"We are pleased that CGI has chosen our loan origination solution as a key component of their financial services delivery strategy," says Andy Neale, Vice President Business Administration and Technology for Niagara Credit Union. "We're confident that CGI's clients will be as satisfied with the implementation as our management and lending staff have been."

Under the terms and conditions of the agreement, CGI will acquire a copy of the source code to integrate with its employee portal user interface for ASP (Application Service Provider) delivery to clients. CGI will also be responsible for the evolution of the loan origination software for its clients.

About Niagara Credit Union
Established in 1945, Niagara Credit Union is the largest Community Credit Union in Ontario serving more than 83,000 members in Niagara with a full range of savings, loans, mutual funds and other financial services. With fifteen branches throughout Niagara, NCU has over 450 employees and over $1.2 billion in assets, and operates commercial Banking Centres in St. Catharines, Welland and Virgil. Membership at Niagara Credit Union is open to all Niagara residents and businesses.

About CGI
Founded in 1976, CGI is the fourth largest independent information technology services firm in North America, based on its headcount of more than 13,000 professionals. CGI's annualized revenue run-rate totals US$1.3 billion (CDN$2.0 billion). CGI's order backlog currently totals US$6 billion (CDN$9.3 billion). CGI provides end-to-end IT services and business solutions to more than 3,000 clients in the United States, Canada, the United Kingdom, France, India, Japan, and Australia from more than 60 offices in more than 20 countries. CGI's shares are listed on the NYSE (GIB) and the TSE (GIB.A). They are included in the TSE 300 Composite Index as well as the S&P/TSE Canadian Information Technology and Canadian MidCap Indices. Website: www.cgi.ca.

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 the Private Securities Litigation Reform Act of 1995. These statements represent CGI Group Inc.'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.

These factors include and are not restricted to the timing and size of contracts, acquisitions and other corporate developments; the ability to attract and retain qualified employees; market competition in the rapidly-evolving information technology industry; general economic and business conditions, foreign exchange and other risks identified in the Management's Discussion and Analysis (MD&A) in CGI Group Inc.'s Annual Report or Form 40-F filed with the SEC, the Company's Annual Information Form filed with the Canadian securities commissions, on the Registration Statement on Form F-4 filed with the SEC in connection with the acquisition of IMRglobal and with the Forms 10-K and 10-Q of IMRglobal filed with the SEC for the periods ended December 31, 2000 and March 31, 2001 respectively. All of the risk factors included in these filed documents are included here by reference. CGI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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For more information:

Investor relations
USA
Julie Creed
Vice-president, investor relations
(312) 201-8094, # 210 

Canada
Ronald White
Director, investor relations
(514) 841-3230 

Media relations
Eileen Murphy
Director, media relations
(514) 841-3430