Groundless rumor in the wake of a press release dated January 23, 2014

2014-01-24

On January 23, 2014 Transat issued a press release to fulfill its disclosure obligations. The release describes a technical change which will be submitted to the shareholders on March 13, 2014. Some trade media have drawn erroneous conclusions, which started a rumor that a take-over could be envisioned. Such rumors are without merit.