Montréal, Québec - 2001-03-12 

Bombardier Inc. today announced it has completed the purchase of certain of the engine assets of Outboard Marine Corporation (OMC). The closing of this transaction follows the selection, on Feb. 5, 2001, of Bombardier Motor Corporation of America and JTC Acquisition LLC as joint bidders for the assets of OMC and certain of its affiliates. The transaction was completed for a total cash consideration of US$95 million and Bombardier's share represented slightly more than half that amount.

Bombardier Motor Corporation of America has acquired specified engine assets including the Evinrude* and Johnson* outboard marine engine brands as well as the FICHT* Fuel Injection Technology*.

"We are delighted to welcome these prestigious brands in the Bombardier family. We are now actively developing a detailed business plan and we will soon be in a position to announce our action plan for this business" stated President and Chief Operating Officer of Bombardier Recreational Products, Michel Baril. "The combination of the Evinrude and Johnson brand heritage with Bombardier's own brands' reputation of innovation and leadership creates a huge potential for the combined organisation".

Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorised recreational products. It is also a provider of financial services and asset management. The Corporation employs 56,000 people in 12 countries in North America, Europe and Asia, and more than 90% of its revenues are generated outside Canada.

* Trademarks of Bombardier Inc.