Attraction development - Hangar 16

Old Port of Montreal Corporation Inc. (“OPMC” or the “Company”) has retained CBRE Tourism & Leisure Group (“CBRE”)to provide tourism and recreation advisory services and administer an Invitation to Bid (“ITB”) submission process. The ITBprocess will enable OPMC to receive and evaluate Bids, and if a proposal meets the requirements, move into a next stage tonegotiate an emphyteutic agreement with the Preferred Bidder who will develop, finance, design, build, operate and maintaina year-round, family-oriented attraction at the Old Port of Montreal on the Hangar 16 land parcel (the “Property”). ThePreferred Bidder may be an individual company or a consortium of companies. If OPMC decides to enter into an emphyteusisagreement with a consortium, the consortium's lead company would be expected to sign the emphyteusis agreement as theemphyteuta.OPMC owns the Hangar 16 land, the Clock Tower Pier, and the existing Hangar 16 building, as well as the Montreal ScienceCentre and the surrounding Old Port of Montreal green space. OPMC is offering the opportunity for Bidders to submit a Biddescribing a proposal to develop an attraction at the Property that either makes use of or replaces the existing Hangar 16building. OPMC’s vision is for the attraction at the Property to deliver a world class guest experience and a year-round, familyorientedattraction to the Old Port of Montreal, in the Province of Quebec.The purpose of this document and process is to secure an attraction to the Property, consistent with OPMC’s vision.CBRE has been engaged by OPMC to administer this process. Please direct any and all questions regarding this process inwriting, via email to:Rebecca Godfrey, CMC, MBASenior Director, CBRE LimitedTourism & Leisure Group | Valuation & Advisory ServicesE: rebecca.godfrey@cbre.com