Québec Completes Issue of €1.25 Billion 4.75% Notes Under its US$14 Billion Euro Medium Term Note Programme

On April 29, 2008, Québec issued €1.25 4.75 per cent Notes due April 29, 2018, under its US$14 billion Euro Medium Term Note Programme. The Notes were admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc's Regulated Market. The Notes were offered by an underwriting syndicate led by Merrill Lynch International and including Deutsche Bank AG, London Branch, ING Bank N.V., Société Générale, Bayerische Landesbank, WestLB AG, ABN AMRO Bank N.V., Banca IMI S.p.A., Citigroup Global Markets Limited, HSBC Bank plc, J.P. Morgan Securities Ltd., Bank of Montreal, London Branch, BNP Paribas, Dexia Banque Internationale à Luxembourg, société anonyme acting under the name of Dexia Capital Markets, Mitsubishi UFJ Securities International plc, National Bank Financial Inc. and Royal Bank of Canada Europe Limited. The dealers were represented by Ogilvy Renault LLP, with a team including Susan Mann, Peter Noble and Jules Charette (tax). Québec was represented by Bernard Blouin and Alain Laplante of Bélanger Sauvé LLP.


Peter S. Noble Jules Charette Susan E. Mann Bernard Blouin