Power Corporation Issues Preferred Shares

Power Corporation of Canada issued $250 million of non-cumulative first preferred shares in a transaction completed October 19, 2005. Power Corporation is a diversified management and holding company that has interests, directly or indirectly, in companies that are active in financial services, communications and other business sectors.

Power Corporation was represented by general counsel, Edward Johnson and Jeannine Robitaille, and by Ernest McNee and Eric Moncik of Blake, Cassels & Graydon LLP. The underwriting syndicate, led by BMO Nesbitt Burns Inc., was represented by Renaud Coulombe, Luc Boucher and Stephen Kelly of Ogilvy Renault LLP.