CHC announces approval of two for one stock split

CHC announces approval of two for one stock split 


VANCOUVER, March 29  /PRNewswire-FirstCall/ -- CHC Helicopter Corporation
("CHC") (TSX: FLY.SV.A and FLY.MV.B; NYSE: FLI) announces that shareholders
have approved the subdivision of CHC's issued and unissued Class A Subordinate
Voting Shares, Class B Multiple Voting Shares and Ordinary Shares, all on a two
for one basis. Articles of amendment reflecting the subdivision were filed
today with Industry Canada.

Shareholders of Record on April 14, 2005 will receive certificates for the
additional shares to which they are entitled as a result of the subdivision.
These certificates will be mailed April 20, 2005.

It is expected that Class A Subordinate Voting Shares and Class B Multiple
Voting Shares listed on the Toronto Stock Exchange will commence trading on a
post-split basis on April 12, 2005. Based on a distribution date of April 20,
2005, Class A Subordinate Voting Shares listed on the New York Stock Exchange
will commence trading on a post-split basis on April 21, 2005.

As a result of the subdivision, CHC's annual dividend will change from 60 cents
per share to 30 cents per share, payable at 7.5 cents per quarter on a
post-split basis, (all figures in Canadian dollars).

The subdivision will increase the number of Class A Subordinate Voting Shares
outstanding from approximately 18,414,000 to 36,828,000; the number of Class B
Multiple Voting Shares outstanding from approximately 2,933,000 to 5,866,000;
and the number of Ordinary Shares from 11,000,000 to 22,000,000.

CHC Helicopter Corporation is the world's largest provider of helicopter
services to the global offshore oil and gas industry, with aircraft operating
in more than 30 countries and a team of approximately 3,400 professionals
worldwide.

If you wish to be added to, or removed from, the Company's distribution list,
please contact .

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  This press release may contain projections and other forward-looking
  statements within the meaning of the "safe harbour" provision of the
  United States Private Securities Litigation Reform Act of 1995. While
  these projections and other statements represent our best current
  judgement, they are subject to risks and uncertainties that could cause
  actual results to vary. These statements may involve risks and
  uncertainties including, but not limited to, factors detailed in CHC's
  Annual Report on Form 20-F and in other filings with the United States
  SEC. Should one or more of these risks or uncertainties materialize, or
  should underlying assumptions prove incorrect, actual outcomes may vary
  materially from those indicated.
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DATASOURCE: CHC Helicopter Corporation



CONTACT: Jo Mark Zurel, Senior Vice-President & Chief Financial Officer,

[phone]; Chris Flanagan, Director of Communications, [phone];

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