Canada Post Corporation and CGI establish new IT services company

Canada Post Corporation and CGI Group Inc.
(NYSE: GIB; TSE: GIB.A) (CGI) today announced the signing of a shareholders'
agreement which finalized the terms and conditions of a new jointly-owned
information technology (IT) services company, with Canada Post Corporation as
the majority owner with 51% and CGI owning 49%. The company, plans for which
were announced in September 2001, will provide all IT services, including e-
business solutions to The Canada Post Group as well as to other postal
organizations worldwide.
The company essentially begins operations today and after a start up
period expects to begin generating revenue by September and realize total
revenue of CDN$200 million in its first year, CDN$400 million by year three
and approximately CDN$3.5 billion over ten years. The contract is expected to
add approximately CDN$1.75 billion to CGI's backlog.
This agreement is for a ten-year term with a five-year renewal option.
During the term, CGI will provide, amongst other IS/IT services, all basic
technology management services. The company will employ some 750
professionals.
"The Canada Post Group requires world-class information technology
services capabilities to continue to compete effectively in its market and in
the e-commerce world of today and in the future," said the Honourable André
Ouellet, president and chief executive officer of Canada Post Corporation.
"The postal industry has changed dramatically in recent years and in the years
ahead we will need to work ever more closely with the high technology sector
to grow our business. This new company will allow The Canada Post Group to
benefit from an unparalleled concentration of postal and e-commerce skills and
knowledge, helping us not only to evolve but also to surpass and anticipate
our clients' needs."
Serge Godin, chairman and chief executive officer of CGI added: "Growing
postal services for all stakeholders through leading-edge technology requires
the coming together of strong players, robust technology that meets specific
business needs, maintaining a constant eye to the future as we propel this new
company to a world-class level. We are all very proud and excited about what
we are collectively building."
The new IT services company is part of Canada Post Corporation's strategy
to maintain and strengthen its position in the emerging digital economy by
creating a flexible, customer-focused IT organization. It will deliver world
class IT services to The Canada Post Group while reducing information services
costs. Most importantly, it will also improve the ability of The Canada Post
Group to deliver timely IT solutions to meet its business objectives and those
of its customers.
Mr. Ouellet and Mr. Godin also announced the appointment of Daniel
Rocheleau as interim chief executive officer and Jacques Giguère as interim
executive vice-president respectively of the new company effective
immediately. Mr. Rocheleau is currently executive vice-president and chief
business engineering officer at CGI, where he is responsible for the
development of large strategic outsourcing and partnership initiatives for CGI
worldwide. Mr. Giguère was formerly senior vice-president for the Integrated
Technology Management business unit at CGI where he led a team of over 2,000
IT professionals.
"I am very excited about this initiative and feel strongly that we have a
solid team in place. The mix of culture and skills will make for a dynamic
group primed for reaching our goal, that of providing world class IT services
at a more competitive price," said Mr. Rocheleau, interim chief executive
officer of the new firm.
Executives of the new company are now working with the companies of The
Canada Post Group and their respective IT suppliers to ensure a smooth and
efficient transition.

About Canada Post Corporation
—————————–
Canada Post Corporation delivers 37 million pieces of mail each day to
over 30 million Canadians at some 13 million addresses and nearly 1 million
Canadian businesses from coast to coast to coast. Incorporated in 1981, its
more than 56,000 people and 7,000 postal outlets, the largest retail network
in Canada, are a trusted presence in communities across the country, as they
have been for more than 150 years. In 2001, it earned net income of
CDN$67 million on revenues of CDN$4.4 billion. (In 2001, the Corporation
changed its fiscal year end from the last Saturday in March to the last day in
December, resulting in a nine-month fiscal period from April 1, 2001 to
December 31, 2001.) Canada Post Corporation is a world leader, providing
innovative physical and electronic delivery solutions, creating value for its
customers and new ways to communicate that are bold, innovative and effective.
It connects Canadians from anywhere… to anyone. Website: www.canadapost.ca.

About CGI
———
Founded in 1976, CGI is the fourth largest independent information
technology services firm in North America, based on its headcount of more than
13,700 professionals. CGI's annualized revenue run-rate totals US$1.3 billion
(CDN$2.1 billion). CGI's order backlog currently totals US$6.7 billion
(CDN$10.7 billion). CGI provides end-to-end IT services and business solutions
to more than 3,000 clients worldwide from more than 60 offices. CGI's shares
are listed on the NYSE (GIB) and the TSE (GIB.A). They are included in the TSE
100 Composite Index as well as the S&P/TSE Canadian Information Technology and
Canadian MidCap Indices. Website: www.cgi.ca.

Forward-Looking Statements
————————–
All statements in this press release that do not directly and exclusively
relate to historical facts constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements represent CGI Group Inc.'s intentions, plans, expectations, and
beliefs, and are subject to risks, uncertainties, and other factors, of which
many are beyond the control of the Company. These factors could cause actual
results to differ materially from such forward-looking statements.
These factors include and are not restricted to the timing and size of
contracts, acquisitions and other corporate developments; the ability to
attract and retain qualified employees; market competition in the rapidly-
evolving information technology industry; general economic and business
conditions, foreign exchange and other risks identified in the Management's
Discussion and Analysis (MD&A) in CGI Group Inc.'s Annual Report or Form 40-F
filed with the SEC, the Company's Annual Information Form filed with the
Canadian securities commissions, on the Registration Statement on Form F-4
filed with the SEC in connection with the acquisition of IMRglobal and with
the Forms 10-K and 10-Q of IMRglobal filed with the SEC for the periods ended
December 31, 2000 and March 31, 2001 respectively. All of the risk factors
included in these filed documents are included here by reference. CGI
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.