News release Press Release

Caisse de dépôt et placement du Québec and SITQ announce appointment of William Tresham as Chief Operating Officer, Office Real Estate

Finance Montréal,

Montréal, July 12, 2010  - The Caisse de dépôt et placement du Québec and its real estate subsidiary SITQ are pleased to announce the appointment of Mr. William (“Bill”) R. C. Tresham as SITQ’s Chief Operating Officer, Office Properties, effective August 26th, 2010.

"Bill’s eleven years with Trizec in Montréal and Chicago and his last five years with Callahan Capital Partners in Chicago have enhanced his reputation as one of the most seasoned real estate operators in North America,” said Mr. Paul Campbell, President and Chief Executive Officer of SITQ. “We consider ourselves very fortunate to be able to recruit such a well-rounded senior real estate executive with experience in both private and public companies and excellent knowledge of all major North American office property markets.”

Daniel Fournier, President of the Caisse’s real estate group said: "With his 25-year experience as a senior operating person in the real estate business, Bill will be a valuable asset for the group and key to the implementation of our business plan.”

"I am very happy to be joining SITQ and the Caisse’s real estate group, one of the largest and most respected groups in the real estate business, and I am delighted to be back in Montréal working with such a fine team,” said Mr. Tresham.

Throughout his career, Mr. Tresham has held many major real estate and business positions. He was involved in business strategy development, asset management, leasing and operations, as well as governance matters for various organizations. Most recently, he was Partner and Chief Operating Officer at Callahan Capital Partners, a private equity real estate company based in Chicago formed to acquire and manage office properties in central business districts in major urban centres. Prior to that, he was with Trizec Properties, Inc. in Montreal for five years and then six in Chicago, until that company was aquired in 2006.

Mr. Tresham holds a Bachelor of Laws from McGill University, in Montréal, Québec and a Bachelor of Arts, Major in Economics, from Princeton University, in Princeton, New Jersey. He is fluent in French and English.

The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2009, it held $131.6 billion in net assets. As one of Canada’s leading institutional fund managers, the Caisse invests in major financial markets, private equity and real estate. For more information:

SITQ is a real estate investment, management and development firm specializing in three key sectors: Office properties; Hotels, apartments and retirement housing; and Real estate investment funds. As of December 31, 2009, SITQ owned real estate assets of $17.8 billion. A leader in the Canadian real estate industry, SITQ also owns assets in the United States, France, the United Kingdom, Germany and India.

SITQ is a real estate subsidiary of the Caisse de dépôt et placement du Québec and employs over 450 people in Montréal, home of its head office, and throughout its global network of offices and subsidiaries in Canada, Europe and Asia. For more information: