Bombardier Announces Release of Escrowed Funds in Respect of Issuance of US$2.25 Billion Senior Notes

Bombardier Inc. / Bombardier Announces Release of Escrowed Funds in Respect of Issuance of US$2.25 Billion Senior Notes . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

MONTREAL, QUEBEC--(Marketwired - Mar 27, 2015) - Bombardier (TSX: BBD.A)(TSX: BBD.B)(OTCQX: BDRBF) today announced the satisfaction of the escrow release condition relating to Bombardier's previously announced issuance of US$2.25 billion aggregate principal amount of new Senior Notes, which closed under escrow on March 13, 2015. The escrow release condition was satisfied as, earlier today, the net proceeds from Bombardier's issuance and sale of subscription receipts, which closed on February 27, 2015, have been released to Bombardier. Accordingly, all of the escrowed funds were released to Bombardier earlier today.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offering, solicitation or sale would be unlawful.

The securities mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended, any state securities laws or the laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. The Senior Notes have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, the Senior Notes may not be offered or sold in Canada other than on a basis which is exempt from the prospectus requirements of applicable securities laws in Canada.

Bombardier and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.

FORWARD-LOOKING STATEMENTS

This press release includes forward-looking statements, which may involve, but are not limited to: statements with respect to the Corporation's objectives, guidance, targets, goals, priorities, market and strategies, financial position, beliefs, prospects, plans, expectations, anticipations, estimates and intentions; general economic and business outlook, prospects and trends of an industry; expected growth in demand for products and services; product development, including projected design, characteristics, capacity or performance; expected or scheduled entry-into-service of products and services, orders, deliveries, testing, lead times, certifications and project execution in general; competitive position; and the expected impact of the legislative and regulatory environment and legal proceedings on the Corporation's business and operations; the Corporation's available liquidities and the Corporation's capital raising plan, the use of proceeds from the Offering; the impact of the offering on the Corporation's operations, infrastructure, opportunities, financial condition, access to capital and overall strategy;. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "anticipate", "plan", "foresee", "believe", "continue", "maintain" or "align", the negative of these terms, variations of them or similar terminology. By their nature, forward-looking statements require management to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause actual results in future periods to differ materially from those forecasted. While management considers these assumptions to be reasonable and appropriate based on information currently available, there is risk that they may not be accurate. . For additional information with respect to the assumptions underlying the forward-looking statements made in this press release, refer to the respective Guidance and forward-looking statements sections in Aerospace and in Transportation in the Management's Discussion and Analysis (MD&A) of the Corporation's financial report for the fiscal year ended December 31, 2014.