BCE Emergis Announces Common Share Offering of $250 Million

Business Wire, Nov 6, 2001

Business Editors/High-Tech Writers

MONTREAL--(BUSINESS WIRE)--Nov. 6, 2001

BCE Emergis Announces Common Share Offering of $250 Million

-- $100 million in shares publicly offered

-- $150 million in shares offered to BCE

BCE Emergis Inc. (TSE: IFM) announced today a public offering of $250 million of its Common Shares in Canada. BCE Emergis has entered into a bought deal agreement with a syndicate of underwriters led by RBC Capital Markets and CIBC World Markets. BCE Emergis will issue, and the underwriters will purchase, 2.6 million Common Shares at $38.75 per share for an aggregate consideration of $100.75 million. In addition, BCE Emergis has entered into an agreement with BCE Inc. whereby BCE will acquire 3,870,968 Common Shares of BCE Emergis in this public offering at the price of $38.75 per share for a total consideration of $150 million.

The public offering will be qualified by way of a short form prospectus to be filed in each of the Canadian provinces and the closing is expected to take place on or about November 22, 2001.

The net proceeds to be received by BCE Emergis from this public offering will be used to fund ongoing and project capital requirements, research and development and acquisitions; as well, $150 million of the proceeds will be used to repay to BCE, on the closing date of the public offering, the convertible debenture in the principal amount of $150 million issued to BCE on December 31, 2000. This convertible debenture bears interest at the rate of 6.3% per annum and has a maturity date of June 30, 2002.

After giving effect to the public offering, BCE will hold 65.1% of the outstanding Common Shares of BCE Emergis.

The common shares of BCE Emergis have not been and will not be registered under the US Securities Act of 1933 and may not be offered or sold in the United States in absence of registration or an applicable exemption from the registration requirements of such Act.

BCE Emergis is a premier B2B e-commerce infrastructure provider, strategically focusing on market leadership in the transaction-intensive eHealth and financial services sectors. By layering technologically advanced e-commerce services on existing Internet-based platforms, Emergis offers its customers increasing value in their e-commerce adoption and ever-increasing levels of sophisticated services. These scalable solutions electronically transform business processes, such as buying, selling, invoicing and payment, and enable companies to succeed in the web-centric, cost-driven, and highly competitive global Internet economy. BCE Emergis' customers include leading North American banks and insurance companies. The Company's shares (TSE: IFM) are included in the TSE 100 composite index.

Please visit BCE Emergis at www.emergis.com for more information on the Company.

This news release contains certain forward-looking statements that reflect the current views and/or expectations of BCE Emergis with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.

For more information:

Sylvia Morin

Director, Corporate Communications

(514) 868-2358

Email: sylvia.morin@emergis.com

John Gutpell

Director, Investor Relations

(514) 868-2232

Email: john.gutpell@emergis.com