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$800 Million of Medium-Term Notes Issued by 407 International Inc.

Not for distribution to U.S. News Wire Services or dissemination in the United States.

TORONTO, September 5, 2017

407 International Inc. (the “Company”) announced today that it has agreed to issue $500 million aggregate principal amount of 3.65% Senior Notes, Series 17-A2, due September 8, 2044 (the “Series 17-A2 Senior Notes”) and $300 million aggregate principal amount of 2.47% Subordinated Notes, Series 17-D1, due September 8, 2022 (the “Series 17-D1 Subordinated Notes”) through its $1.8 billion Medium-Term Notes program and pursuant to a base shelf prospectus dated December 13, 2016, in agency transactions with a syndicate led by BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. The syndicate also includes CIBC World Markets Inc., Casgrain & Company Limited, National Bank Financial Inc., Scotia Capital Inc. and TD Securities Inc. The distribution of the Series 17-A2 Senior Notes and the Series 17-D1 Subordinated Notes is scheduled to close on September 8, 2017.

Net proceeds in respect of the Series 17-A2 Senior Notes will be used: (i) to fund a series reserve account; (ii) to repay principal amounts owing by the Company to certain Canadian chartered banks under certain of the Company’s senior secured revolving credit facilities; and (iii) for general corporate purposes. Net proceeds in respect of the Series 17-D1 Subordinated Notes will be used to repay the $300 million aggregate principal amount of Subordinated Notes, Series 10-D1, due November 24, 2017, on maturity or redemption, as applicable.

407 International Inc. is owned by Cintra Global Holding Limited, a wholly owned subsidiary of Ferrovial S. A. (43.23%), by indirectly owned subsidiaries of Canada Pension Plan Investment Board (total 40%), and by SNC-Lavalin (16.77%).

For more information, contact:

Geoffrey Liang
Chief Financial Officer
Tel: 905-265-4070

Kevin Sack
Vice President
Marketing, Communications and Government Relations
Tel: 905-264-5374

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