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13 June 2003

CAE Awarded C$8.5 Million in New Marine Contracts

Toronto, June 13, 2003 – (NYSE: CGT; TSX: CAE) – CAE’s commercial marine systems division, CAE Valmarine, has won contracts worth C$8.5 million to supply CAE Damatic™ automation systems for installation in five vessels.

CAE Damatic™ systems enable a single crewman to have full control of all shipboard machinery and equipment. They are highly reliable, guaranteeing uninterrupted operations even in the event of system failure.

The CAE Damatic DNA™ system will be installed on the world’s largest cruise ferry, which is owned by Norway’s Color Line. The 224-metre vessel, which has an estimated delivery date of April 2004 , is being constructed at Kvaerner-Masa Yards in Finland.

The CAE Damatic DNA™ system will also be used on a vessel being built at Aker Finnyards, also based in Finland, for Birka Cruises. The vessel’s estimated delivery date is October 2004.

Norwegian Cruise Line will have the CAE Damatic XDi™ control system installed on its cruiser, Project America, which is being completed at the Lloyds Werft shipyard in Germany. Its estimated delivery date is December 2003.

The Carnival Group will also have this system installed on the seventh vessel in its Carnival Destiny series. The vessel is being constructed in Italy by Fincantieri and has an estimated delivery date of July 2005. CAE Valmarine provided automation systems for the Group’s first six vessels.

As well, CAE Valmarine will supply an alarm monitoring and control system to Elektromehanika in Croatia for installation on Chieftain, a vessel owned by Sweden’s Stena RoRo. The vessel’s estimated delivery date is September 2003.

CAE is a leading provider of integrated training solutions and advanced simulation and controls technologies to marine, civil aviation and military. The company generates annual revenues in excess of C$1 billion and employs more than 6,000 people in Canada, the United States and around the globe.

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