Montreal, April 13, 2007  – (NYSE: CGT; TSX: CAE) – CAE Inc. ("CAE") and 4341392 Canada Inc. ("Bidco", collectively with CAE, the "Offeror") announced today that the cash offer (the "Offer") to purchase all the issued and outstanding common shares (the "Engenuity Common Shares") of Engenuity Technologies Inc. ("Engenuity"), as extended on March 30, 2007, has now expired.

On April 3, 2007, Bidco had taken up 14,902,225 Engenuity Common Shares. An additional number of 45,990 Engenuity Common Shares have been tendered to the Offer as of April 12, 2007; once those are taken up Bidco will hold a total of 14,948,215 Engenuity Common Shares representing approximately 85.7% of the total outstanding number thereof. The Offeror intends to take steps in order to proceed with a subsequent acquisition transaction as soon as practicable, pursuant to which the remaining Engenuity Common Shares which have not been tendered to the Offer would be acquired. The Offeror owns a sufficient number of Engenuity Common Shares to approve such a transaction at any special meeting of shareholders called for that purpose.

Upon completion of the subsequent acquisition transaction, the Offeror intends to de-list the Engenuity Common Shares from the Toronto Stock Exchange and to cause Engenuity to apply to securities regulatory authorities to cease to be a reporting issuer.

About CAE
CAE is a world leader in providing simulation and modelling technologies, and integrated training services to the civil aviation industry and defence forces around the globe. We design, manufacture and supply simulation equipment and offer training and services. This includes integrated modelling, simulation and training solutions for commercial airlines, business aircraft operators, aircraft manufacturers and military organizations and a global network of training centres for pilots, and in some instances, cabin crew and maintenance workers.

With annual revenues of over C$1 billion, CAE operates in 19 countries around the world. CAE has sold nearly 700 simulators and training devices to airlines, aircraft manufacturers, training centres and defence forces for air and ground purposes in more than 40 countries. We have over 110 full-flight simulators in more than 20 aviation training centres, serving approximately 3,500 airlines, aircraft operators and manufacturers across the globe. CAE licenses its simulation software to various market segments and has a professional services division assisting customers with a wide range of simulation-based needs.

About Engenuity
Engenuity develops commercial-off-the-shelf (COTS) simulation and visualization software for the aerospace and defence markets. The company’s core products include VAPS, a software product used by aircraft and automobile designers to create models and simulations of cockpit displays; STAGE, a simulation toolkit used to create and interconnect simulation environments; and AI.implant, an artificial intelligence (AI) tool used to model individual and crowd behaviour for military simulations and the gaming industry. Engenuity recently acquired AcuSoft, a modelling and simulation products and services company based in Orlando, Florida, with a strong client base in the US Army and Marine community. Engenuity is based in Montreal with offices in Orlando, Atlanta, London, Paris and Düsseldorf as well as a worldwide distributor network, and employs approximately 120 people.

Source: CAE
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