/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

TORONTO, March 4, 2019 /CNW/ - 407 International Inc. (the "Company") announced today that it has exercised its right to redeem all of the outstanding notes of the following issue on April 3, 2019:

$300,000,000, 4.99% Senior Medium-Term Notes, Series 10-A2, due June 16, 2020 (CUSIP
No. 35085 ZBB 1) (the "Senior Notes")
Redemption Price: $1,033.37 for each $1,000 principal amount of the Senior Notes
Accrued and unpaid interest: $14.765 for each $1,000 principal amount of the Senior Notes
Total Redemption Price, including accrued and unpaid interest: $1,048.135 for each $1,000
principal amount of the Senior Notes.

The redemption price for the Senior Notes is determined in accordance with the provisions of the amended and restated master trust indenture dated as of July 20, 1999, as supplemented, the twenty-fifth supplemental indenture thereto dated as of June 8, 2010, and pricing supplement no. 2 dated June 11, 2010 to the Company's short form base shelf prospectus dated November 18, 2009, as amended on June 8, 2010.

A notice of redemption will be delivered today to CDS Clearing and Depository Services Inc. ("CDS") and the trustee, BNY Trust Company of Canada. Non-registered holders (banks, brokerage firms or other financial institutions) who maintain an interest in the Senior Notes through CDS should contact their CDS customer service representative with any questions about the redemptions. Alternatively, beneficial holders with any questions about the redemption should contact their representative brokerage firm or financial institution, which holds interests in the Senior Notes on their behalf.

The Company plans to finance the redemption of the Senior Notes, in part, from the proceeds of the previously announced issuance of its $300,000,000, 3.14% Senior Medium-Term Notes, Series 19-A1, due March 6, 2030.

The Company is owned by Cintra Global S.E., 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%).

News releases are available at www.407etr.com.

SOURCE 407 International Inc.

Investors: Geoffrey Liang, Chief Financial Officer, Tel: 905-265-4070; Media: Kevin Sack, Vice President Marketing, Communications and Government Relations, Tel: 905-264-5374