No new trial for Gérald Turp

Decisions and Freeze and cease trade orders Securities

Montréal - The Autorité des marchés financiers (the "AMF") has decided not to carry on with the trial of Gérald Turp following proceedings launched in July 2008.

The decision is further to a Superior Court judgment issued in May 2012. The judgment quashed the guilty verdict handed down in November 2010 and ordered a new trial.

Further to an analysis of the judgment, the AMF believes it is not advisable to hold another trial since Gérald Turp faces only one charge.

The other accused in this matter, namely, Guy Charron, Richard Lanthier and Huguette Gauthier, pleaded guilty to 355 of the 458 charges brought against them. Their sentencing hearings will take place from January 14 to 18, 2013 and from January 28 to February 1, 2013.

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

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