407 ETR announced the following rate changes that will come into effect on February 1, 2012:

The Peak Period toll rate for light vehicles travelling in the Regular Zone between Highway 403 and Brock Road will be 24.20 cents per kilometre. The Peak Period is weekdays from: 6 a.m. to 7 a.m., 9 a.m. to 10 a.m., 3 p.m. to 4 p.m. and 6 p.m. to 7 p.m.

The Peak Hours toll rate for light vehicles travelling in the Regular Zone between Highway 403 and Brock Road will be 25.20 cents per kilometre. Peak Hours are weekdays from 7 a.m. to 9 a.m. and 4 p.m. to 6 p.m.

The Peak Period toll rate for light vehicles travelling in the Light Zone between QEW and Highway 403 will be 22.60 cents per kilometre (23.55 cents per kilometre during Peak Hours).

The Midday toll rate for light vehicles travelling any part of the highway will be 21 cents per kilometre. The Midday toll rate applies on weekdays from 10 a.m. to 3 p.m.

The Off Peak period toll rate for light vehicles travelling any part of the highway will remain 19.35 cents per kilometre. Off Peak hours are weekdays from 7 p.m. to 6 a.m. and all day on weekends and holidays.

407 ETR continues to invest in expansion to meet the needs of customers. In 2011, 407 ETR opened a new lane in each direction between Highway 401 and Trafalgar Road. In 2012, 407 ETR plans to open a new lane in each direction between Highway 400 and Highway 404. Since 1999, the company has invested over $1.2 billion to expand and maintain the highway.

“Significant investment in expansion and maintenance of the highway allows 407 ETR to relieve congestion on other GTA highways and local roads,” said Jose Tamariz, 407 ETR President and Chief Executive Officer. “We provide customers with a fast, safe and reliable trip. Travelling at a constant speed on a congestion free highway reduces the environmental impact of driving and saves customers time, and fuel.”

407 ETR continues to provide customers excellent service and recently introduced a new website with enhanced self-service options. 407 ETR offers customers the environmentally friendly choice of paperless billing and also offers customers pre-authorized payment options. 407 ETR customers can save money by leasing a transponder on an annual basis. The annual lease rate remains $21.50. A transponder pays for itself after only 6 trips per year on the highway. In addition, the company is continuing its “no sign-up” required 407 ETR Rewards Program that has already offered customers more than $55 million in free kilometres and fuel savings.

For details regarding toll rate changes for different vehicle types, times of day and sections of the highway and other fee changes, please see the attached chart or visit www.407etr.com.

407 International Inc. is owned by Cintra Infraestructuras S.A., 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%).

2012 Toll Rates - February 1, 2012

(Prices in cents(¢) per Kilometre)

Changes to the 2012 Toll Schedule include:

• The Video Toll Charge for customers without a transponder will be $3.80.
• The Monthly Transponder Lease Fee will be $3.00 per month. The annual Transponder Lease Fee will remain $21.50.
• The Monthly Video Account Fee will be $3.00.

A Trip Toll Charge is charged for every trip on the highway based on vehicle size:

• Light Vehicles will be charged 60 cents per trip.
• Heavy Vehicles will be charged 70 cents per trip.
• Heavy Multiple Vehicles will be charged 95 cents per trip.

For a complete list of toll and fee schedule changes, please visit www.407etr.com.

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For more information, contact:

Kevin Sack [ksack@407etr.com]
Vice President
Communications and Government Relations
Tel: 905-264-5374