Bombardier Announces Special Meeting Voting Results and Release of Escrowed Funds in Respect of Cdn$1.1 Billion Public Offering of Equity

MONTRÉAL, QUÉBEC--(Marketwired - March 27, 2015) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Bombardier (TSX:BBD.A)(TSX:BBD.B)(OTCQX:BDRBF) is pleased to announce the results of voting at its special meeting of shareholders held earlier today in Montréal, Québec. At the meeting, the special resolution authorizing the amendment to the articles of Bombardier in order to increase the number of Class A shares (multiple voting) and Class B shares (subordinate voting) that Bombardier is authorized to issue from 1,892,000,000 to 2,742,000,000 was duly adopted. Following the close of the meeting, Bombardier filed articles of amendment under the Canada Business Corporations Act and obtained a certificate of amendment reflecting the increased authorized share capital.

With the articles of amendment effective today, the net proceeds of Bombardier's previously announced approximately Cdn$1.1 billion public offering of subscription receipts have been released to Bombardier (subject to the payment of certain transaction costs) and each subscription receipt was automatically exchanged into one Class B share (subordinate voting) in the capital of Bombardier. Bombardier expects that the subscription receipts will be immediately halted from the Toronto Stock Exchange and de-listed after markets close today.

Further details concerning the subscription receipts are set out in a prospectus supplement dated February 20, 2015 to Bombardier's short form base shelf prospectus dated February 18, 2015, both available on SEDAR at www.sedar.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction nor will there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction. This press release does not constitute an offer to sell or the solicitation to buy securities in the United States. The securities mentioned herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.