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BOMBARDIER ANNOUNCES SALE OF FREIGHT CAR PRODUCTION PLANT IN NIESKY, GERMANY

BOMBARDIER ANNOUNCES SALE OF FREIGHT CAR PRODUCTION PLANT IN NIESKY, GERMANY

Berlin, 20 January 2005 - Bombardier announced today to its employees an agreement in principle to sell its Saxon facility in Niesky, Germany. The site, which specializes in the production of freight cars, will be sold to a German group of investors comprised of SEAG Beteiligungs- und Verwaltungsgesellschaft mbH (holding and management company) and Mutatio Consult GmbH. Mr. Michael Krege, Managing Director of SEAG, will head the new company.

With the entry into force of the contracts, the new company will employ 200 employees and 21 trainees who are currently working at the site. "Freight car manufacturing is not a core area of expertise for Bombardier. This transaction is therefore in line with our plan to refocus on core businesses," explained Mr. Wolfgang Toelsner, Chief Operating Officer of Bombardier Transportation.

The sale of the Niesky plant concludes Bombardier's announced withdrawal from the freight car business. In December 2004, Bombardier also sold its interests in a Mexico-based freight car manufacturing joint venture with the Greenbrier Companies.

Bombardier Transportation will remain one of the site's customers in the area of component production.

About Bombardier
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2004 were $15.5 billion US and its shares are traded on the Toronto and Frankfurt stock exchanges (BBD and BBDd.F). News and information are available at www.bombardier.com

For information
Ulrich Bieger
Tel.: ++49 30 3832 1178
Mobile: ++49 172 421 54 25
www.bombardier.com