Ms. Lina De Cesare appointed Executive Vice-President, Tour Operator Sector

Montreal, September 1, 1999

Mr. Jean-Marc Eustache, President and Chief Executive Officer of Transat A.T. Inc., is pleased to announce the appointment of Ms. Lina De Cesare to the newly created position of Executive Vice-President, Tour Operator Sector, Transat A.T Inc.

“The objective of creating this new position within the Transat group is to plot individual development strategies for each affiliated tour operator and to combine our strengths in order to substantially increase our purchasing power in a highly competitive market,” stated Mr. Eustache.

“With her solid experience in the tourism industry, her proven management abilities, and her passion for the trade, Ms. De Cesare is ideally suited to take up the challenges of this new position with her usual creative energy,” he added.

A founding member of Transat A.T. Inc., Ms. De Cesare is also President and Chief Executive Officer of Air Transat Holidays. In addition, she oversees Transat’s hotel management sector, created in March 1999.

Transat A.T. Inc., a leader in the Canadian tourist industry, is a public corporation listed on the Montreal and Toronto stock exchanges. Through its subsidiaries and affiliated companies, the company is active in air transportation and in all aspects of the organization and distribution of travel services.

Air Transat, an air carrier, is a wholly owned subsidiary, as are Air Transat Holidays (Montreal, Quebec City, Toronto, Vancouver, and Fort Lauderdale); Vacances Air Transat (France); Nolitour (Montreal); and Regent Holidays (Toronto), which are tour operators; as well as the Tourbec travel agency chain. Transat A.T. Inc. holds an interest in Look Voyages (98%), Brok’Air (39%), and World of Vacations (35%), which are tour operators; in Consultour/Club Voyages (50%), a travel-agency franchise group; and Services Haycot (50%), an airport handling services company.

In addition, Air Transat Holidays holds an interest in Look Voyages, Star Airlines (49.6%), and in the incoming tour operator DMC Transat (66.7%).