BERLIN, GERMANY--(Marketwire - Nov. 17, 2008) - Bombardier Transportation has signed a contract with Siemens to assemble an important part of Siemens' "Desiro ML" multiple-unit trains to be used by the Brussels Regional Railway Network "RER" (Reseau Express Regional). The contract contains an initial firm order of 115 trains, with an option of 85 trains.

The initial firm order is valued at approximately 168 million euros ($214 million US) and covers the procurement and manufacturing activities for the painting, end-assembly and testing of the vehicles, as well as the commissioning to the end-customer, Belgian National Railways (SNCB). The work will be carried out at Bombardier Transportation's site in Bruges (Belgium). Deliveries are scheduled from March 2012 to January 2014; and until April 2015 with the options included.

Note to Editors:

A photo is available on our web site at: http://www.transportation.bombardier.com

About Bombardier Transportation's Site in Bruges (Belgium)

Bombardier's site in Bruges designs and manufactures innovative transport technology, such as double-deck coaches for SNCB and the award-winning BOMBARDIER FLEXITY Outlook tram for Brussels Transport Company STIB. Bruges also hosts important fleet services activities, making it one of Bombardier Transportations' truly diversified sites in Europe.

About Bombardier Transportation

Bombardier Transportation has its global headquarters in Berlin, Germany with a presence in over 60 countries. It has an installed base of over 100,000 vehicles worldwide. The Group offers the broadest product portfolio and is recognized as the leader in the global rail sector.

About Bombardier

A world-leading manufacturer of innovative transportation solutions, from commercial aircrafts and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2008, were $17.5 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com.

About Siemens Mobility

The Mobility Division (Erlangen, Germany) is the internationally leading provider of transportation and logistics solutions. With its "Complete Mobility" approach, the Division is focused on networking the various modes of transportation in order to ensure the efficient transport of people and goods. Complete Mobility combines the company's competence in operations control systems for railways and traffic control systems for roadways together with solutions for airport logistics, postal automation, traction power supplies and rolling stock for mass transit, regional and mainline services, as well as forward-looking service concepts.

About Siemens

Siemens AG (Berlin and Munich, Germany) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. The company has around 400,000 employees (in continuing operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of solutions for individual requirements. For over 160 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. In fiscal 2007, Siemens had revenue of 72.4 billion euros and income from continuing operations of 3.9 billion euros (IFRS). Further information is available on the Internet at: www.siemens.com.

BOMBARDIER and FLEXITY are trademarks of Bombardier Inc. or its subsidiaries.

www.theclimateisrightfortrains.com

FOR FURTHER INFORMATION PLEASE CONTACT:
        Bombardier:
        Benelux
        Guy Hendrix
        +32 2289 7341
        guy.hendrix@be.transport.bombardier.com

        Americas
        David Slack
        +1 450 441 3190
        david.slack@ca.transport.bombardier.com

        Germany, Austria, Central and Eastern Europe
        Heiner Spannuth
        +49 30 986 07 1134
        heiner.spannuth@de.transport.bombardier.com

        Switzerland
        Fiona Flannery
        +41 44 318 29 91
        fiona.flannery@ch.transport.bombardier.com

        Nordic Countries
        Jonny Hedberg
        +46 8 681 5062
        jonny.hedberg@se.transport.bombardier.com

        Russia
        Alexander Bocharov
        +7 495 775 1830
        alexander.bocharov@ru.transport.bombardier.com

        UK, Ireland, Australia, New Zealand, other countries
        Neil Harvey
        +44 1332 266470
        neil.harvey@uk.transport.bombardier.com

        France
        Anne Froger
        +33 6 07 78 95 38
        anne.froger@fr.transport.bombardier.com

        Spain, Portugal, Italy, Greece, Turkey, India
        Luis Ramos
        +35 1 919 693 728
        luis.ramos@pt.transport.bombardier.com

        Siemens:
        Vera Janssens
        +32 2 536 72 67

Source: Bombardier Transportation

Bombardier:
Benelux
Guy Hendrix
+32 2289 7341
guy.hendrix@be.transport.bombardier.com

Americas
David Slack
+1 450 441 3190
david.slack@ca.transport.bombardier.com

Germany
 Austria
 Central and Eastern Europe
Heiner Spannuth
+49 30 986 07 1134
heiner.spannuth@de.transport.bombardier.com

Switzerland
Fiona Flannery
+41 44 318 29 91
fiona.flannery@ch.transport.bombardier.com

Nordic Countries
Jonny Hedberg
+46 8 681 5062
jonny.hedberg@se.transport.bombardier.com

Russia
Alexander Bocharov
+7 495 775 1830
alexander.bocharov@ru.transport.bombardier.com

UK
 Ireland
 Australia
 New Zealand
 other countries
Neil Harvey
+44 1332 266470
neil.harvey@uk.transport.bombardier.com

France
Anne Froger
+33 6 07 78 95 38
anne.froger@fr.transport.bombardier.com

Spain
 Portugal
 Italy
 Greece
 Turkey
 India
Luis Ramos
+35 1 919 693 728
luis.ramos@pt.transport.bombardier.com

Siemens:
Vera Janssens
+32 2 536 72 67