Montreal, Canada – May 28, 2007 – Engenuity Technologies Inc. (TSX: EGY), a leading provider of solutions for the development of high-end visualization and simulation applications, agreed to amalgamate with 4341392 Canada Inc. On May 25th 2007, the holders of common shares of Engenuity Technologies Inc. adopted a special resolution approving the amalgamation of Engenuity with 4341392 Canada Inc., a wholly owned subsidiary of CAE Inc. per the amalgamation agreement. As a result, Engenuity will become a wholly owned subsidiary of CAE Inc.
Engenuity also announced its intention to delist from the Toronto Stock Exchange ("TSX").