CDP Capital Communications Funds Third Round Investment in Stream Intelligent Networks Corp

Business Wire, March 12, 2001

Business Editors

TORONTO--(BUSINESS WIRE)--March 12, 2001

Stream Intelligent Networks Corp. is pleased to announce that it has secured a significant additional round of financing from CDP Capital Communications, a subsidiary of the Caisse de depot et placement du Quebec (CDP), Canada's largest fund manager.

"At a time when emerging telcos are experiencing challenging capital markets, we are particularly pleased with this investment from CDP Capital Communications," said Steve Spooner, President and CEO, Stream Intelligent Networks Corp. "We see this investment as an endorsement of our business strategy. CDP Capital Communications is internationally recognized for its impressive portfolio and expertise in information technology and telecommunications."

"The bandwidth shortage in metropolitan areas has created an exciting market opportunity," said Pierre Belanger, president, CDP Capital Communications. "Stream has aggressively positioned itself as a metropolitan area network provider utilizing innovative technologies. Stream's introduction of Gigabit Ethernet will meet the needs of high bandwidth users with a scalable, cost effective fibre based solution, while STAR, Stream's cable-laying sewer robot, is building the metro last mile networks that businesses are now demanding."

ABOUT CDP CAPITAL COMMUNICATIONS

The leading Canadian fund manager with C$120 billion of assets under management, the Caisse de depot et placement du Quebec (CDP) offers a complete range of fund management services worldwide. Its subsidiary CDP Capital Communications has investments in 101 companies in Quebec, Canada and world markets. Its portfolio is now valued at $4 billion. The Company has developed partnerships with telecommunications, media and entertainment firms that want to penetrate promising new markets or to consolidate their market position, in Quebec or abroad. Together, the Caisse de depot et placement du Quebec (CDP)'s private-investment subsidiaries hold a portfolio valued at more than $13 billion.

ABOUT STREAM

Stream Intelligent Networks Corp. is a Metropolitan Area Network (MAN) provider, delivering managed broadband communications in the Greater Toronto Area. Using innovative installation technologies and a broad range of strategic access agreements, Stream can meet growing requirements for new high-speed network access virtually on demand. A leading Canadian supplier of independent carrier class, point-to-point, fibre-optic and wireless digital broadband services, Stream provides a completely diverse network of unmatched reliability; creative, customized networking solutions; and responsive, expert service. Information about Stream can be found at www.stream.ca.