Client Work Detail

On April 29, 2008, Quebec issued €1,250,000,000 4.75% Notes due April 29, 2018 under its US$14,000,000,000 Euro Medium Term Note Programme. The Notes were admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc's Regulated Market. The Notes were offered by an underwriting syndicate led by Merrill Lynch International and including Deutsche Bank AG, London Branch, ING Bank N.V., Société Générale, Bayerische Landesbank, WestLB AG, ABN AMRO Bank N.V., Banca IMI S.p.A., Citigroup Global Markets Limited, HSBC Bank plc, J.P. Morgan Securities Ltd., Bank of Montreal, London Branch, BNP Paribas, Dexia Banque Internationale à Luxembourg, société anonyme acting under the name of Dexia Capital Markets, Mitsubishi UFJ Securities International plc, National Bank Financial Inc. and Royal Bank of Canada Europe Limited.

The dealers were represented by Ogilvy Renault LLP, with a team including Susan Mann and Peter Noble (London) and Jules Charette (Tax - Montreal).