Clarification regarding September 14, 2012, article in La Presse

2012-09-17

We wish to issue a clarification regarding information about Transat published in an article in the business section of La Presse on September 14, 2012.

The article suggested that Transat would be reducing capacity for winter 2012 by 10% on its transatlantic routes and by 17% on Sun destination routes. In fact, as the press release issued by Transat on September 13, 2012, clearly states, these numbers apply only to the fourth quarter; i.e., the months of August, September and October 2012.

The article should have stated that Transat is reducing capacity on Sun routes by 7% this winter, as mentioned during the conference call that accompanied the release of the company’s third-quarter results.

At our request, La Presse corrected the error in its September 15, 2012, edition. We thank the newspaper for doing so.