Carrefour - Orders issued in December 2009 partially maintained

Decisions and Freeze and cease trade orders Securities

Montréal - The publication of this press release constitutes the method of service authorized by the Bureau de décision et de révision (the Bureau) of a decision issued on November 3, 2011 related to the matter of Carrefour in respect of the following respondents: 9179-5252 Québec inc., Air Bermuda inc. and Robert Savoie.

See Decision no. 2009-041-013 (in French only).

On November 3, 2011, at the request of the Autorité des marchés financiers (AMF), the Bureau extended by 120 days the freeze order initially issued on December 7, 2009 in the matter of Carrefour. This extension applies to the following companies and individuals: Normand Bouchard,Respondent Normand Bouchard should not be confused with Normand Bouchard of Bouchard, Gratton, Beaudoin et Associés inc. and Desjardins Financial Security Investments Inc. in Brossard, holder of certificate No. 104 223, or Normen Bouchard of Services financiers Normen Bouchard inc. in Québec City, holder of certificate No. 104 225, who are not affected by the decision.Mario Dumais, Tri Minh Huynh, Mario Paquin,Respondent Mario Paquin should not be confused with Mario Paquin of Aon Parizeau inc. in Sherbrooke, holder of certificate No. 125 829, who is not affected by the decision. Gérald Parkin, Gia Tuong Quan, Thinh Tuong Quan (also known as Jacky Quan), Robert Savoie, Bartelomeo Torino, Richard Tremblay, Claude Valade,Respondent Claude Valade should not be confused with Claude Valade of Primerica Financial Services Ltd. and PFSL Investments Canada Ltd. in Blainville, holder of certificate No. 162 214, who is not affected by this decision. René Viau, Claude Adam, Serge Belval, Aquamondial inc., 9179-5252 Québec inc., 9137-1534 Québec inc., 9201-7144 Québec inc., operating under the name Bio-Quan Life Sciences, 9175-9704 Québec inc., operating under the name Investissement Max, Air Bermuda inc. and Fonds de placement Nor-West.

At the request of the AMF, the Bureau lifted the freeze order issued against Luis Gonzalez and ordered a partial lifting of the freeze order against and Fonds de placement Nor-West in favour of the RCMP.

The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec's financial industry.

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