SNC-Lavalin responds to "mini tender" offer by TRC Capital

    




 MONTREAL, April 10, 2012 /CNW Telbec/ - SNC-Lavalin Group Inc.  has been notified of an unsolicited "mini-tender" offer, made by  TRC Capital Corporation ("TRC Capital") on March 29, 2012, to purchase  up to 2,000,000, or approximately 1.32%, of SNC-Lavalin's common shares  at a price of CDN $38.00 per share. SNC-Lavalin does not recommend or endorse this unsolicited mini-tender  offer. 

 Shareholders are cautioned that the mini-tender offer has been made at a  4.74% discount to the closing price for SNC-Lavalin's common shares on  the Toronto Stock Exchange on March 28,2012, being the day before the  mini-tender offer was announced. 

 The Company does not endorse TRC Capital's unsolicited mini-tender offer  and is not associated with TRC Capital, the mini-tender offer or the  mini-tender offer documentation. TRC Capital has made numerous similar  unsolicited mini-tender offers for shares of other public companies.  Mini-tender offers are designed to seek less than 5% of a company's  outstanding shares, thereby avoiding many disclosure and procedural  requirements applicable to most bids under Canadian securities  legislation. 

 The Canadian Securities Administrators ("CSA") have expressed serious  concerns about mini-tender offers such as the possibility that  investors might tender to a mini-tender offer based upon a  misunderstanding of the terms of the offer, including the per security  price available under the offer relative to the market price of such  securities. Comments from the CSA on mini-tenders can be found on the  Ontario Securities Commission website at: http://www.osc.gov.on.ca/en/SecuritiesLaw_csa_19991210_61-301.jsp. The U.S. Securities and Exchange Commission has also published  investor tips regarding mini-tender offers on its website at: http://www.sec.gov/investor/pubs/minitend.htm. 

 According to TRC Capital's current mini-tender offer documents,  SNC-Lavalin shareholders who have already tendered their shares may  withdraw their shares at any time before 5:00 p.m. (Toronto time) on  April 26, 2012, by following the procedures described in the offer  documents. 

 SNC-Lavalin is one of the leading engineering and construction groups in  the world and a major player in the ownership of infrastructure, and in  the provision of operations and maintenance services. SNC-Lavalin has  offices across Canada and in over 40 other countries around the world,  and is currently working in some 100 countries. www.snclavalin.com. 

SNC-LAVALIN


CONTACT:  Media:Leslie QuintonVice-President, Global Corporate CommunicationsSNC-Lavalin Group Inc.514-390-8000, ext. [e-mail]:Denis JasminVice-President, Investor RelationsSNC-Lavalin Group Inc.514-390-8000, ext. [e-mail] 


    

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