Bombardier has confirmed that it has closed the previously announced US$1 billion investment by the Government of Québec (the “C Series Investment”) in a newly created limited partnership, the C Series Aircraft Limited Partnership to which the assets, liabilities and obligations of the C Series aircraft program were transferred. The disbursement of the first $500 million US installment of the investment occurred on June 30, 2016, and the disbursement of the second $500 million US installment is expected to occur on September 1, 2016. Furthermore, as previously announced, Bombardier has issued in the name of Investissement Québec warrants exercisable for

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