The Caisse de dépôt et placement du Québec did not dispose of its units in Yellow Pages income fund

The Caisse de dépôt et placement du Québec ("Caisse") wishes to correct the misinformation that it has sold all of its units of Yellow Pages Income Fund.

Media conclusions regarding the Caisse’s holdings in the Yellow Pages Income Fund were based on statutory filings made by the Caisse with the U.S. Securities Exchange Commission (SEC). The May filing made no reference to the Caisse’s holdings in Yellow Pages Income Fund because holdings in this Fund do not have to be reported according to SEC regulations.

For purposes of comparing the Caisse’s holdings with those at the end of the quarter ended December 31, 2007, the amended statutory filing made by the Caisse and filed with the U.S. Securities Exchange Commission on March 7, 2008 should have been used. This amended filing makes no mention of Yellow Pages Income Fund for the same reasons.

About the Caisse de dépôt et placement du Québec
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, 2007, it held $155.4 billion of net assets. One of the leading institutional fund managers in Canada, the Caisse invests in the main financial markets as well as in private equity and real estate. For more information: www.cdpq.com.