/C O R R E C T I O N from Source -- Transat A.T. Inc./

In the news release, Media Advisory - Transat A.T. Inc. - Special Meeting of Shareholders on December 15, issued 14-Dec-2020 by Transat A.T. Inc. over CNW Telbec, we are advised by the company that in the Special Meeting of Shareholders and Telephone press briefing sections, it should read "Tuesday, December 15," rather than "Thursday, December 15," as originally issued inadvertently. The complete, corrected release follows:

Media Advisory - Transat A.T. Inc. - Special Meeting of Shareholders on December 15

MONTREAL, Dec. 14, 2020 /CNW Telbec/ - Transat A.T. Inc., one of the largest integrated tourism companies in the world and Canada's holiday travel leader, will hold a Special Meeting of Shareholders in a virtual only format on Tuesday, December 15 at 10:00 a.m. A question period for business reporters will follow the Meeting at 11:30 a.m. (on the phone).

The purpose of the Special Meeting of Shareholders is to obtain shareholder approval of the plan of arrangement with Air Canada pursuant to the arrangement agreement entered into between the Corporation and Air Canada on October 9, 2020 and announced on October 10, 2020. A copy of the arrangement agreement has been filed with Canadian securities regulatory authorities and may be found under the Corporation's profile on SEDAR at www.sedar.com and on its website.

Special Meeting of Shareholders
Tuesday, December 15, 2020, 10:00 A.M.
Only shareholders will be able to ask questions at this meeting.

Webcast of the virtual Meeting here.

Telephone press briefing
Tuesday, December 15, 2020, 11:30 A.M.
After the Special Meeting, journalists will be able to take part in a telephone press briefing during which they can ask questions.

Dial 1 800 763-5615 or 1 212 231-2932
Name of conference: Transat
Webcast: click here to register.

SOURCE Transat A.T. Inc.

Christophe Hennebelle, Vice-President, Human Resources and Corporate Affairs, Christophe.Hennebelle@transat.com, 514-987-1660, 4584